Tuesday, September 22, 2009

AIG Reaching Into New Near-Term Highs (AIG)

American International Group, Inc. (NYSE: AIG) is surging again like it is another financial junk company trading party.  At 8:00 AM EST we have seen a gain of 11% at $53.75 on close to 4 million shares of stock after closing at $48.40 yesterday.  Be advised that AIG’s highest post-shenanigan close is $50.23 and shares hit $55.90 on that day at one point.  It only other $50+ day was August 27 when it hit $50.04.  Yesterday’s gain was 21% on over 114 million shares.

JON C. OGG


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