Cramers Take on AIG

Jim said this on Oct 15th...

Jim Cramer's 'Stop Trading!': Avoid AIG

"We are so on the hook to AIG," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "That will prove to be an unbelievable black hole that will last forever. I don't know what was worse -- taking them over, or letting Lehman fail."

As for buying AIG shares, Cramer was confident. "In no uncertain terms, that will never pay off," he said. He said he was seeing opportunities in the market as we pull back, but "AIG is not one of them."


Well Jim only time will tell whether this was a good buy or not....we'll see!

New trades

Hey its been a while since I have made an entry. I have some trades I have over the past months. But just recently I have bought several 100 shares of C and AIG. With all the news and bashing of pretty much all stocks these two stood out to me. These two will survive and bounce back. The countries larges insurer and one of the last standing large banks will not be going under. So jump in if you dare before they go up to much and you so say I wish I had....

till next time

**p.s - trade or invest at your own risk, if you do decide to trade or invest you should do so only with money you can afford to lose**

Update 3-18-08

It's been a while since I've posted. These first few months in 08 have been horrible!!! I have lost a total of 28K!! Yup that's right, 28 F-ing K...most of which took place in Jan. I had a nice gain in one trade but I was in NYC on that particular Friday and when I came back to sell on Monday it had taken the elevator straight down on the open!


But hey, every success story I have ever heard started off with "I lost it all".

So I guess I am on the right track to the millionaires club.

Jan '08' trades so far....

Its been a while since my last post. It been really crazy lately. I have made about 8 trades maybe, a few winners and a few losers. I am currently "trapped" in a 2 losers now which have me down about 9k. This really upsets me, I have been thinking of quiting all together. It is so F-ing frustrating when a stock gets murdered just cause some idiot comes out and says something stupid (the fed). I feel that AAPL and MA (and me) are being wrongfully taken to the wood shed.