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easy money

Discussion in 'BlackHat Lounge' started by neobyte, Sep 18, 2008.

  1. neobyte

    neobyte Junior Member

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    Hello everyone,

    Have you noticed the AIG stock is trading at $2 per share today? and do you know that total asset of AIG is 1 trillion?

    So the risk is so low that it cannot be any lower. It is actually bottomed out. Even if it goes bankrupcy, there is something left from it's asset liquidation.

    So if you have some extra money, I would suggest go buy as much as you can afford. Better yet, buy some call option for cheaper and leverage. You can buy out of money for example, $5 strike price option which expired within 6 months. and if the stock bounce back over$5 you will make money.

    Warning, this is only if you have the play money. If you are struggling for living, do Not jump in. Even though it's low risk, it is still gamble, and you would have no chance loss all you money. I take no responsibility if you loss!
     
  2. mike330

    mike330 Regular Member

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    neobyte, where can I find info that AIG total assets are 1 trillion? Would not mind buying the stocks but need to do some fundamental analysis first.
     
  3. neobyte

    neobyte Junior Member

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    Check yahoo finance AIG , they have all the fundamental info there. Just use the money that you are willing to loss without a blink of eyes,otherwise you will loss sleep.
     
  4. jahpo

    jahpo Newbie

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    actually picked some of this stock up first thing this morning. Rallied up in the final hour and after hours quote puts it at $2.79...not retirement money but glad to be back in the stock market again its been awhile.
     
  5. neobyte

    neobyte Junior Member

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    cool. It was 3ish today. Hopefully the fed blockage of short selling will prevent furthur downfall