You're now on the archive server. Commenting has been disabled.
AIG Follow-On Equity Offering Rumor
They just need about $100 billion in new equity for the stock to be worth anything (oh yeah, and a little more dilution). Let the mutual fund managers line up. They can still make their year.
»
- 4894 reads
- Printer-friendly version
- Send to friend
This would have to qualify as a top tick of this market.
have to.......
lol
Just more "short squeeze" disguised as economic policy
love today's action on aig. talk about pulling a rug out!
if AIargh! has a successful follow on offering i hereby declare i will never invest in US equities again...ever!!!
That's what I'd call some thermonuclear pump and dump!
that was beautifully orchestrated.
kudos to the prop deskers....
right at the same time, look at the vol spike on that piece of shit C as well...
This is the stock market version of "Girls run wild."
Can anyone else fathom that just 2 years ago, this kind of blatant manipulative action would be unheard of?
I haven't seen it discussed much here on ZH but I have some ideas about why this is being allowed and it has to do with "National Security."
yep.
uhm yeah...this comes from a presentation on grand strategy from the head of MIT security studies. Read the last bullet (save you the work: "Discussions about the economy and strategy are kept strictly separate"
American views
o
Generally see selves as superior
No one asks:
?
How superior does the US Military really need to be?
?
How far / in how many places should the US Military be active?
o
The few debates that there are tend to be more about the tactical level of US military activities
o
Democrats usually see international organizations as good things that deserve to be nurtured and expanded(UN)
o
Republicans prefer international organizations that are more like alliances – especially if they are military and the US is clearly the leader (NATO)
o
Democrats are generally more willing to give diplomacy a chance
o
Republicans are less patient with diplomatic moves
o
Can expect the Obama Administration to depend more public diplomacy
?
The President is a skilled speaker and an interesting personality to the rest of the world
?
He will be reaching out to the people directly over the heads of their governments
o
Democrats want more arms agreements
o
Republicans want to retain more of a free hand about weapons and defenses
Problem: There has been no deep assessment of what has or has not worked well since the Cold War
?
Iraq was a mistake that we are backing out of slowly
? N
o one is talking about resource restraints on what the US can/will do in the world
o
Socio-economic elements are never brought up in debates about US Grand Strategy activities; US might not have what it needs to keep doing what it has been doing
?
Tom Friedman and Richard Holbrooke have been talking about this, too
o
Bills need to be paid for the economic recovery and health care
o
Economic models are saying that the US could be reaching a level where collapse is possible
?
Discussions about the economy and strategy are kept strictly separate
http://www.informationdissemination.net/2009/09/grand-strategy.html
?
Tom Friedman and Richard Holbrooke have been talking about this, too
o
Bills need to be paid for the economic recovery and health care
o
Economic models are saying that the US could be reaching a level where collapse is possible
?
Discussions about the economy and strategy are kept strictly separate
http://www.informationdissemination.net/2009/09/grand-strategy.html
?
Tom Friedman and Richard Holbrooke have been talking about this, too
o
Bills need to be paid for the economic recovery and health care
o
Economic models are saying that the US could be reaching a level where collapse is possible
?
Discussions about the economy and strategy are kept strictly separate
http://www.informationdissemination.net/2009/09/grand-strategy.html
White Hose to data mine social newtorking sites:
http://www.nlpc.org/stories/2009/09/18/flaherty-warns-white-house-plan-mine-social-network-data
Yep. It all started with hanky panky talking up civil unrest and martial law in the days and hours leading up to the bailout heist.
Can you expand on your ideas?
Not unless I want the NSA further up my ass.
Some of the AIG daytraders probably decided it wasn't going up fast enough so they switched over to Dana Holdings, up 27% today on a secondary stock offering. The stock is over $7 after trading as low as $.19 earlier this year.
former chief executive Maurice “Hank” Greenberg was pressing an important Congressional committee to help ease the terms of the insurance giant’s government bailout.
how is Hank not arguing with Madoff about who's gonna be on top tonight?
I literally do not believe that. Not in an "SEC incompetence" or "HFTs frontrunning clients" or "research notes issued 20 secs after earnings release" way. In a legimitate not believing that sort of way
Wow, no shit?!.....Chalk it up to more f'kd up than 2007
An offering would be incredible. They can sell all of it to mutual funds and allow all the shorts to borrow it. Then, have the funds call all the stock back. That would propel all the bank stocks higher to boot. FAZ will hit $5!
AIG can't make a secondary offering. I remember reading this a few months back... has something to do with it being nationalized.
Epic rumour fail.
New US trading hours 8am-12pm. There's no point after 12pm unless you like trading 2-3 point ranges on the SPX. Stick that in your average work week numbers!
Goldman is hastily preparing a "strong buy" report/recommendation on AIG, I guess.
Can't complain - made something like 30% (in a day!!!)shorting and covering AIG Jan options...
Props.
Looks like the heavy selling started at exactly 3:00.
Syncronization pays.
i dont think they are allowed to issue shares - by mandate of the us gov, and the fact that the gov owns and controls them i would say the offering is nothing more that a rumor
My favourite is how fundamentalists come out theorizing on why the action is so "favorable" and how the company is a turn around story.
Even better are the jackholes who believe it.
Jackholes be blessed - me collected their money today
Just let Goldman Sachs get some of the business and then issue a Conviction Buy, LOL
Like all turning points in the market, this offering will be remembered as THE climax point of this bull (?) market...........have God mercy on the ignorant (innocent?)
I feel like i am stoned watching these headlines go by.....or that i have been asleep for 2 years.
Lone Star Funds to Sell $239 Million in Subprime Mortgage Bonds
Sept. 22 (Bloomberg) -- Lone Star Funds, the Dallas-based investment firm, plans to sell $239 million of securities backed by subprime mortgages, according to three people familiar with the transaction.
The mortgages were purchased from CIT Group Inc., the New York-based lender, and have an average age of 33 months, according to a document obtained by Bloomberg News. Bank of America Merrill Lynch is underwriting the bonds.
This is right out of an early 60's Twilight Zone episode.
ho'dup; wasn't it a Texas outfit that bought the 11+billion of CDO's from ML and Thain for back of 5Billion a couple weeks after earnings?????
MBIA, Ambac and Triad Guaranty are my favorite laughable stock moves.
Ah, yes, Triad Guaranty. That company has a negative equity of something like 35 a share, and is paying claims at 60 cents on the dollar, so they don't run out of money to pay all claim holders. And the stock is up 15% today.
Gotta love the NASDAQ who still allows literally insolvent companies to continue to trade.