Is AIG the Bill Clinton of the Stock Market?
Posted by Adam Graham in : PoliticsOne thing seems to been overlooked in this AIG thing, and perhaps some wise financial mind will explain it to me. But while AIG has been ripped to shreds in the public, something very odd as happened to the company’s stock.
AIG stock closed at 50 cents on Friday. Then, the whole stock brokers thing hit this weekend. Monday, it jumped from 0.50 to 0.83, a 66% single day rise, Tuesday, it had a much more modest rise from 0.83 to 0.96, only an increase of 15%. Wednesday it went from 0.96 to 1.38, a 43% in crease in a single day. And then today, it jumped from 1.38-1.62, a 17% game. From Monday until Today, AIG has been in Penny Stock Heaven, increasing 324% in 4 days while it’s being savaged in Washington and on cable TV. And if you’d sold at the start of the day, you’d have earned a 398% profit. It’s like Bill Clinton during the Lewinsky scandal, only on steroids.









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