Posts Tagged ‘AIG’

Citigroup (C) Reverses Course

12:20pm (EST) The market has gotten off to a slow start as both the bulls and bears feel each other out before mapping their next move.  Futures were pointing towards a higher open but were weakening as we headed towards the opening bell.  There is some rhetoric out of EuropeRead more

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Futures Pointing Towards Slightly Higher Open

9:05am (EST)     The market acted “shitty” yesterday if you were a bull. Excuse our French this morning but if Senator Carl Levin can use that word over and over again on basic cable then we can use it to describe the bulls frustrations yesterday.  The market got absolutely crushed following the debtRead more

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Upgrades Could Keep Momentum Going

9:00am (EST) Futures are trading in a narrow range this morning as we get ready for the upcoming week.  There is little economic data due out during the first half of this week and earnings are coming to a crawl so Wall Street will be looking for other cues to give theRead more

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Bulls Ready To Run

9:05am (EST) Futures are pointing towards a higher open this morning following reports of a new bailout package for Greece.  The foreign markets rallied overnight on growing hope that the European nations will announce a bailout deal to help Greece with its mounting debt problems. The market is also getting aRead more

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AIG Gets A Downgrade, Imagine That

9:00am (EST)   American International Group (AIG, $35.45, down $4.20) fell 10% yesterday after a Credit Suisse analyst downgraded the stock from “Neutral” to “Underperform”.  Their research pointed to the fact that “near term monetization of value of businesses suggests little to no value for common equity.”   For those of youRead more

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Wednesday's WakeUp Call

9:10am (EST) Futures are up slightly lower as we get ready for this morning’s trading action.  Yesterday, the bears ruled Wall Street and it looks like they could get the ball first this morning.  Dow futures are down 25 points to 9,278 while the Nasdaq futures are lower by 4.5 points, to 1,591.  S&PRead more

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Checking In

2:00pm (EST) The Dow is struggling after starting off the morning in the green.  Intel (INTC, $20.25, up $0.78) got the ball rolling after the company raised  its sales forecast for the current quarter from $8.9 billion to $9.2 billion and Dell (DELL, $16.08, up $0.43) came in with better-than-expectedRead more

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DryShips Dips Then Rips

10:30pm (EST) Timing is everything. Man, this market is fast moving and exciting isn’t it?  Good news, bad news, earnings hits and dips, jumpy oil and dollar currency movement.  Bernie has cancer (or not) and now Stanford has a “rapid” heartbeat.  Bernanke gets to run the show for a fewRead more

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AIG Now Pushing $50

12:45 pm (EST) Wow.  I knew last night/ this morning when I was writing the American International Group (AIG, $48.19, up $10.50) blog, I was thinking to myself… “this thing really could hit $50.”  Folks, there are no shares to short and the only play has been long for the pastRead more

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American International Group Could Hit $40

3:30am (EST) The early bird gets the worm… Last week I had moved American International Group (AIG, $37.69, up $3.72) to the top of the food chain (our Watch List) as the stock stood at $33.  Now, remember, AIG was at $13 at the beginning of the month.  On August 20th, hereRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.