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Audit the Federal reserves first , or, trade at our own loss....LOL
What about Freddie Mac - it is recieving some 6.1 billion frm government..and its trading at 0.64.
Both Fennie and Freddie 's past history we are not sure of but if one is convinced that the mortgage market has picked up, then, can take a gambling bet.......at own risk. DYdyodd
Sorry, had replied below, but not registered in d post leh.
Anyway, d CDS will affect d coy reputation n performance in future, if not contained properly. Couples with split issue, tonite, local people may hv got indepth of d restructure but not d foreign investors, like us, sitting on desk for remote trading, due to uncertainty, unloading is unavoidable, esp those worrying kena trap in d odd lot situation, after d split.
D other less teething issue is that if it is in d TARP n no end date to bailout for d loan, investor confidence level on it would be affected as well. Hope that it is not in d list loh. Sifu may verify liao.
LongSM ( Date: 30-Jun-2009 22:55) Posted:
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in other forum , ppl mentioned about 1:20 reserve split for AIG. is this just a proposal or will this possible to implement? if that is the case , the price after split will have more room to drop.
Please enlighten me.
Thanks
Hi, AK Bro.
Any idea why AIG drop so serious today? is it because of the reason you attached below?
Do u think it will drop back to as low as 0.40??
Brother:
Digest below before doing anything else, no hurry:
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At issue is a super senior CDS portfolio held by AIG Financial Products with a notional value of US$192.6 billion as of March 31, 2009.
The company said in a regulatory filing that it might have to incur further losses on the portfolio if credit markets continue to deteriorate.
The fair value of the derivative liability for CDS transactions was US$393 million at March 31, 2009, the company said. -- REUTERS
LongSM ( Date: 30-Jun-2009 22:12) Posted:
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AIG drop from 1.4+ to 1.33 yesterday and now around 1.10.
Any ppl dare to vest???
maxcty ( Date: 29-Jun-2009 21:53) Posted:
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freeme ( Date: 29-Jun-2009 17:54) Posted:
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leong3k ( Date: 16-Jun-2009 22:34) Posted:
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Hi Ak,
Tks for the reply, tis is wat i tink too, since nw price is low n is fully support by US gov, well it will not be like past could surge till >USD65.
wat i see is looking at USD10 enough for the next coming 3 to 5yrs time, slowly buy in now, tink by the time retirement age can relax do some charity work liao.....cheers
AK_Francis ( Date: 16-Jun-2009 22:34) Posted:
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Hulumas ( Date: 16-Jun-2009 22:22) Posted:
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6900, if u missed d below post, now yours liao.
AK_Francis ( Date: 04-Jun-2009 23:24) Posted:
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Less Ford motor, d other 4 counters though suffered much pain n losses during d credit crunch, generally their future prospect is encouraging. Citi Grp-take d yarkstick fr GIC,they stay, dun see d counter stay stagnant for ever. Though it was pull out fr d top 30 DJ Index Stock lately. D px kena pull down a bit but it strongly rebound back to above 3.50. BOA-US state holding 35% stake of it. A good support behind d bank. Px now already at one six of d px clocked before the crisis. 11 plus only, got money can try. AIG-once upon a time, an Insurance Giant, foot print covers almost everywhere. Px now ard 1.50, better choice if compare with others financial stock. Fannie Mae- Prtty Giant before, now it is a penny stock worth 70cts(now, 15 Jun 0.61). Great potential for long term. Pse note hsewhole sale in May had improved, report stated lately. Ha ha, AK like overseas bank share, still keeping few Citi n Fennie Mae. Also incubating Bank of China, another penny stock for long term investment. Its now 3.46 HK$, my acc avg on ds burger is 2.94HK$, d initial purchase was 2.30. Above, no calling, for sharing. |
foucs6900 ( Date: 16-Jun-2009 21:50) Posted:
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