Monday, March 16, 2009

AIG Stock Up Almost 100%

Anyone hearing anything? Presumably this is not in response to a lynch mob.

First rumor of the day: AIG physical shares are soft, extra absorbent and two ply.

Second rumor: as ZH speculated previously, gov't is recalling financial shares from repo window causing massive squeeze... Disclosure: ZH is long Citi stock just for this event.




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14 comments:

Anonymous said...

AIG booking 1st profit in years after selling CDS on Smith & Wesson and Remington Arms

Anonymous said...

Pure profits my man! Money laundering is big biz-nass yo!

Anonymous said...

AIG came out and said it was profitable in January and February

Anonymous said...

Hearing Apollo is gearing up for another LBO.

Anonymous said...

Geithner will commingle U.S. federal tax receipts with AIG net income line

sw said...

rumors gov pulling borrow

Anonymous said...

counterparties investing collateral money in AIG stock

Anonymous said...

irate us investors buying AIG stock to use as toilet paper. rumor is it two ply

Yossarian said...

Government recalling their stock (as well as BAC, C, etc.) from the shorts. A nice squeeze play I think...

Anonymous said...

is it possible that counterparties, having received collateral, now have less counterparty risk to AIG and are therefore unwinding short positions? just a guess.

Anonymous said...

tyler, you still long C at 2.30?

Tyler Durden said...

took half off at 2.50

Edios said...

When you say repo-window, you're saying government borrowed cash w/ aig as collateral?

How is a repo structured with equities? How is the FV in the repo determined?

Tyler Durden said...

was merely referring to stock borrow repo. i.e. it is become difficult to short fins, and in many cases accounts are forced to close a short position under instructions from PB