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AIG Goes Suborbital

Tyler Durden's picture




 

The ravenous algo has just sniffed out AIG. Because now that the firm has no relevant core assets to sell, it surely merits a 10% spike in several minutes. Or is there merely a rumor that there is a rumor. Hopefully the government isn't back to its old trick of rolling buy-ins in financial firms. All's fair in love and getting the market higher, higher, higher.

Update: 15% up now

 

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Tue, 03/09/2010 - 14:49 | 259334 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

WOW.....BASTARDS.

Tue, 03/09/2010 - 14:51 | 259337 Oso
Oso's picture

the twins are on fire too.  dont forget them, even though they have stated they are insolvent, they arent actually because the algos say so!

Tue, 03/09/2010 - 14:51 | 259338 deadhead
deadhead's picture

the fed and the propaganda machine are out of their minds on meth.

 

 

Tue, 03/09/2010 - 14:54 | 259344 Cognitive Dissonance
Cognitive Dissonance's picture

Back in the 60's and 70's, we would howl in delight when the local connection would turn us on to the "good stuff". Looks like every one's getting cut in on the good stuff now.

Party hearty boys. The hangover's gonna be a real bitch.

Tue, 03/09/2010 - 15:16 | 259372 Ragnarok
Ragnarok's picture

Uh....... Pump and Dump? Light up those heat maps!

Tue, 03/09/2010 - 19:38 | 259835 Anonymous
Anonymous's picture

"they must of found some more "bonds" buried area in the basement."

Tue, 03/09/2010 - 14:52 | 259342 HelluvaEngineer
HelluvaEngineer's picture

Wow, cool.  So did we break even on AIG now?

Tue, 03/09/2010 - 15:06 | 259347 Fritz
Fritz's picture

Algo generated squeeze?

So half of the days volume clears in 30 minutes?

You have to wonder who is using that to distribute.

 

Tue, 03/09/2010 - 15:04 | 259356 deadhead
deadhead's picture

Hopefully the government isn't back to its old trick of rolling buy-ins in financial firms.

TD...am i to take it by your statement that you actually think they ever stopped in the first place?

Tue, 03/09/2010 - 15:11 | 259357 lizzy36
lizzy36's picture

summer of 2009 v.2.0

C up 7%

AIG up 17%

FNM up 10%

FRE up 14%

And the important thing is?

Tue, 03/09/2010 - 15:12 | 259365 Aductor
Aductor's picture

As to C: Speculations on Barclays wanting to buy a retailer bank in the US. I would say some regional bank(s). Why wanting a bloated C if you really want the office network and already have international presence?

Tue, 03/09/2010 - 17:18 | 259584 Bam_Man
Bam_Man's picture

Like the rest of the franchise, Citi's branch network is a next-to-worthless piece of shit. They are 4th, 5th banana (or worse) in every major MSA outside of NYC Metro.  No market share, no scale.

Plus, can you imagine Citi with a 100% wholesale funding model? Laughable.

Tue, 03/09/2010 - 15:08 | 259359 rubearish10
rubearish10's picture

Indicative of this and recent rallies, right. Small Cap and High Risk Tech. I'd infinitely worry though, should SPX and DJII breakout from 12 month highs. Feels like it's setting to do just that. Kindof off topic but not really since we're talking about AIG and TWins.

Tue, 03/09/2010 - 15:09 | 259361 Missing_Link
Missing_Link's picture

Don't tell it where Sarah Connor is.

Tue, 03/09/2010 - 15:10 | 259363 Shameful
Shameful's picture

lol nice!

From the dark future Skynet sent back a trading computer to destroy the market the planet, deciding a that nukes were too messy.

Tue, 03/09/2010 - 15:48 | 259426 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"too messy."
.......and too expensive.

Tue, 03/09/2010 - 15:16 | 259371 john_connor
john_connor's picture

She is safe with me.  We are preparing a counterattack soon.

Tue, 03/09/2010 - 15:53 | 259438 MsCreant
MsCreant's picture

My best to your mom. She has awesome arms. And great biceps and triceps too! :-)

Tue, 03/09/2010 - 15:11 | 259364 Chopshop
Chopshop's picture

no mysterious algo, no charlie gasparino rumour, not even some childishly simple VWAP reversion ... just some basic trendlines from the 5-minute up through the weekly.

screaming rather plainly were daily candlesticks, hourly segmented rate of change, volume leg ratios, etc. etc.

55-min bars, Fibo EMAs n candlestick with trend, ought be simple enough.  55-min real candlestick bodies are plain as day.

Tue, 03/09/2010 - 15:14 | 259369 rubearish10
rubearish10's picture

Fine and good but what about he series of Doji's on the SPU's and XLF last 7-8 days?? What the Frek??

Tue, 03/09/2010 - 15:53 | 259437 Haywood Yablomi
Haywood Yablomi's picture

"

screaming rather plainly were daily candlesticks, hourly segmented rate of change, volume leg ratios, etc. etc.

55-min bars, Fibo EMAs n candlestick with trend, ought be simple enough.  55-min real candlestick bodies are plain as day."

 

Blah blah blah blah blah.  This sort of gibberish will only work until it doesn't.

Tue, 03/09/2010 - 16:11 | 259461 Internet Tough Guy
Internet Tough Guy's picture

+1. It's just casino gambling. 

No chart in the world can make that pig into a business.

Tue, 03/09/2010 - 19:16 | 259801 Missing_Link
Missing_Link's picture

No.  There is a difference between gambling and speculation.

Tue, 03/09/2010 - 18:38 | 259748 Missing_Link
Missing_Link's picture

Blah blah blah blah blah.  This sort of gibberish will only work until it doesn't.

And that is why you fail.

Solid and comprehensive technical analysis on multiple timescales can dramatically increase the odds in your favor, and algorithms that combine multiple forms of technical analysis in a way that allows them to cancel out one another's weaknesses are even better.

Yes, of course "sometimes it doesn't."  With the stock market, that's true whether you use technical analysis, fundamentals, algorithms, or anything else.  I'll happily stick with my algos that do a very good job of reducing the "sometimes it doesn't" to the lowest possible level.

Tue, 03/09/2010 - 15:13 | 259367 Anonymous
Anonymous's picture

they have to find something to bump uf the market, so the easiest way is via a short squeeze. plain and simple.

Tue, 03/09/2010 - 15:14 | 259368 Gimp
Gimp's picture

They are looking for Kyle Reese  currently.

This just sums up the market is all bullSh*t, C and AIG both up on what fundamentals??? Have IQ's dropped dramatically since I have been gone (Ripley from Aliens) or did AIG not just sell all of their core assests leaving behind a shell of its former self worth a lot less.

SELL, SELL before it is too late....

Tue, 03/09/2010 - 15:17 | 259374 RobotTrader
RobotTrader's picture

Heh, looks like the flatbillers have returned....

 

 

Tue, 03/09/2010 - 15:19 | 259378 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

ahhhh, ok.  thx robo.

Tue, 03/09/2010 - 19:33 | 259829 Rainman
Rainman's picture

I digs her wholesomness !!

Tue, 03/09/2010 - 15:21 | 259381 Cognitive Dissonance
Cognitive Dissonance's picture

It all looks perfectly normal to me, except the girl, who is exceptionally abnormal.

Tue, 03/09/2010 - 18:07 | 259696 Anonymous
Anonymous's picture

Robo has used her before, he's getting lazy!

Why are companies on taxpayer life support allowed to be
publicly traded anyway? Quite frankly, it pisses me off
that they still are publicly traded...

Tue, 03/09/2010 - 16:17 | 259465 Frank Owen
Frank Owen's picture

return of the shity bank skank...

Tue, 03/09/2010 - 15:18 | 259377 Anonymous
Tue, 03/09/2010 - 15:26 | 259386 Fruffing
Fruffing's picture

Ick... need a shower after those ones....

Tue, 03/09/2010 - 15:33 | 259400 chindit13
chindit13's picture

I feel good knowing that all the money we have all paid to bail out the various banks and other entities is going to a good and mature use, like the charts above indicate.  This is a market of which Americans justiably can be bursting with pride, kind of like how I felt after Neil Armstrong's first step.  In and of itself this also shows how beneficial to society at large ZIRP is, and speaks volumes of why we must continue it.

Heck of a job, Ben and Timmy.  You, too, Barack.  Where's my flag lapel pin?

Tue, 03/09/2010 - 15:35 | 259402 Sir Crappy Credit
Sir Crappy Credit's picture

Rumors floating that government will ban short sales of cos where they own a large stake.  C, AIG, FRE, FNM all on turbo as a result.

Tue, 03/09/2010 - 15:46 | 259420 lizzy36
lizzy36's picture

where are the buying curbs for stocks that go up more than 10%?

or perhaps the government will now mandate that co's in which they own a large stake MUST go up 10% a day?

can hardly wait fot the gm ipo

Tue, 03/09/2010 - 15:52 | 259434 reading
reading's picture

I am pretty sure that even in this country you can't only ban short selling in govt owned entities...but maybe we've really turned a new corner

 

 

Tue, 03/09/2010 - 15:36 | 259404 credittrader
credittrader's picture

lol! AIG has $107bn of debt so that $15bn Alico sale is absolutely a drop in the ocean. CDS is basically unch today (10bps tighter). Oh yeah and AIG has $728bn of Insurance and Contractual Liabilities (not all negative but even at a 90% recovery that is ugly numbers...gotta love the equity market...

Tue, 03/09/2010 - 15:37 | 259407 Anonymous
Anonymous's picture

It's obvious to me that Blackrock was instructed to use one of their island hedgies to ramp er up so the Treasury could unload their holdings. Plain old pump and dump.

Tue, 03/09/2010 - 15:38 | 259408 Anonymous
Anonymous's picture

An unverified rumor suggests a short selling restriction is coming in gov owned financials (http://www.benzinga.com/movers/165322/freddie-mac-and-fannie-mae-fnm-fre...)

If that were true, the observed dynamics in AIG, FRE, FNM, C would be explained by a short squeeze. Note that BAC, GS, XLF are not shooting up with similar voracity, which would seem to confirm impending gov action related to these names.

Tue, 03/09/2010 - 15:39 | 259409 Anonymous
Anonymous's picture

thank you sir, may I have another....lol

Tue, 03/09/2010 - 15:41 | 259414 rubearish10
rubearish10's picture

This is un-FREKIN-real!!! &#%#@*!

Tue, 03/09/2010 - 16:29 | 259475 Hephasteus
Hephasteus's picture

I guess AIG finally bought something that will make them a lot of money like cramer's psychic predicted. I wonder what it is. Maybe Congress?

Tue, 03/09/2010 - 16:37 | 259482 Bear
Bear's picture

Rumor ... can't short government stocks ... seems a tad unfair 

Tue, 03/09/2010 - 16:57 | 259523 TheFinancialNinja
TheFinancialNinja's picture

It was JP Morgan... raping the shorts.

"It has also been reported by Adam Johnson on Bloomberg television that J.P. Morgan, a major broker dealer, stopped lending shares in AIG and Citi today "on rumours that the US government might ban short selling in stocks in which it has a financial interest." This squeezed the shorts and helped give an artificial boost to financial stocks over all. The company has since stopped this arbitrary ban on short selling and stocks are falling off their highs."

http://jessescrossroadscafe.blogspot.com/2010/03/us-equities-starting-to-show-signs-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29&utm_content=Google+Reader

Tue, 03/09/2010 - 20:52 | 259936 williambanzai7
Tue, 03/09/2010 - 21:47 | 260010 MsCreant
MsCreant's picture

Artwork is nice. The text just isn't funny. There is nothing surprising nor ironic, just a bunch of stereotypes.

Sorry.

Tue, 03/09/2010 - 21:36 | 260003 bluebare
bluebare's picture

That is the funniest chart I've ever seen.  Way to go Algo!

Thu, 04/15/2010 - 10:16 | 301901 mark456
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