Investing Adventures » AIG http://investingadventures.com Having Fun with Options Sat, 27 Mar 2010 11:14:42 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Lehman Posts Loss, AIG Finds a New CEO, Mexican Gas? http://investingadventures.com/2008/06/lehman-posts-loss-aig-finds-a-new-ceo-mexican-gas.html http://investingadventures.com/2008/06/lehman-posts-loss-aig-finds-a-new-ceo-mexican-gas.html#comments Mon, 16 Jun 2008 13:11:36 +0000 Jorge http://investingadventures.com/?p=495 Busy weekend this weekend, eh?  First on the docket is the financial sector.  Lehman this weekend had some sort of secret meeting with its board.  Remember the last time a financial met secretly over the weekend (Hint:  BSC!)?  Over the weekend, LEH has officially removed their COO and CFO and may be in talks to sell the company.   Blackstone I believe purchased a 30% stake or is looking to purchase a stake in the company.  This morning, LEH posted it’s first ever loss coming in at a whopping $2.8 billion.

More news on the financial front involves AIG.  Over the weekend, AIG CEO Sullivan was removed and replaced by a former Citigroup executive and current AIG chairman, Robert Willumstad.  No clue about Willumstad, but apparently he may have ties to another former AIG CEO, Maurice Greenberg, whom I believe is currently under investigation by the SEC.  In any event, I’m sure all three will prosper handsomely hah!

Finally, not only is medication cheap in Mexico, but so is gasoline.  San Diego folks are actually traveling to Mexico just to fill their gas tanks.  Scary stuff if you ask me.

]]> http://investingadventures.com/2008/06/lehman-posts-loss-aig-finds-a-new-ceo-mexican-gas.html/feed 0 Playoffs at the U.S. Open http://investingadventures.com/2008/06/playoffs-at-the-us-open.html http://investingadventures.com/2008/06/playoffs-at-the-us-open.html#comments Mon, 16 Jun 2008 00:56:12 +0000 Jorge http://investingadventures.com/?p=494 Tiger Woods just made a clutch birdie on the 18th hole to force a playoff.  This man is just a beast.  Coming back from being out 2 months due to surgery to force a playoff for the win is just incredible.  As a result, we have another 18 holes tomorrow.  Updates to come including why LEH and AIG might be a buy and why crude should fall somewhat tomorrow.

]]> http://investingadventures.com/2008/06/playoffs-at-the-us-open.html/feed 2 Daily Recap and Status – May 8, 2008 http://investingadventures.com/2008/05/daily-recap-and-status-may-8-2008.html http://investingadventures.com/2008/05/daily-recap-and-status-may-8-2008.html#comments Fri, 09 May 2008 11:59:17 +0000 Jorge http://investingadventures.com/?p=472 No trades taken yesterday due to other commitments.  I was around in the morning and could have traded a perfect short on Visa but was unable to pull the trigger.  I’ve noticed that happening more and more as of late which reminds me of my trading fears about 3 months ago after the markets crashed about 20%.  But today’s another day and my account continues to grow from deposits.  Need to work on fear… must reread Trading in the Zone…

Crude is now over $125 this morning.  Be very careful.  As oil goes higher, there’s very little chance the markets can follow.  AIG also missed earnings last night which has helped put a damper on the markets this morning.  Futures are down about 90 points with fair value around positive 40, for a net difference at the open of about -130.  I don’t forsee this being a pretty day.

]]> http://investingadventures.com/2008/05/daily-recap-and-status-may-8-2008.html/feed 0