Sunday, August 30th, 2009...1:05 pm
AIG short squeeze in effect
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A recent and swift 200% move in AIG has taken the stock to over $50. Premiums in options in highly inflated, making a protective put buying strategy even more pricey, but still worth it!
This rally will most likely conclude this coming week, watch for a blow off volume as the signal, but remember, you do not want to be standing in front of any freight trains!
For further discussion on AIG visit the stock market message boards at hotstockmarket.com.
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