Tuesday, April 05, 2005

AIG Yow-Hoo

This was dumb luck. And some analysis. Anyway, AIG had been getting smashed really badly over the past several weeks. It seemed to have reached a double bottom (notice how Friday and Monday's prices didn't go beneath $50).

So on Monday morning I gobbled up a ton of stock and calls. I drove into work, and blammo, the stock had soared thanks to Elliott Spitzer (see green highlighted area). I went ahead and got out of the whole position for a great profit. Thanks, Elliott!

No comments: