Tuesday, August 5, 2008

AIG reports earnings tomorrow

AIG (26.69) reports earnings before the bell tomorow morning, and I like the stock.

At it's current stock price, you are already discounting the hereafter, and who is going to short this stock before earnings?

Look for a three handle on this tomorrow.


Anonymous said...

uh-oh ! maybe a 1 handle instead of a 3.

Palmoni said...

Good luck with that! I think it opens at the low and rallies. I flipped the stock at the close yesterday, but I held my Sept options.

I'll play it by probably buying the Aug 28's for nothing and see if it rallies.

Not as advertised!

The bears get one!