AIG reported 3 surprising bad quarters. What a shock. The stock isn't even at its 52 week low.
So I would assume there were more buyers than sellers keeping a bottom for this stock. Unlike Ambac, this is the largest insurer and has Mr. Greenberg as a shareholder. Unless he dumps (but where?) then I am going to follow the smart money. Of course he could be playing some financial shenanigans and be the one scooping up the possible new share issuance. If I remember correctly, he sold millions of shares at $55 so now he is getting it for half off.
I don't like catching falling knives but it helps thinking the knive is 24k gold.
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