Monday Stock Update

So I sold AIG this morning at $4.93, having bought it last Monday at $3.61. A roughly 30 percent gain, and I admit it was more guesswork than legwork on that one. Because of that, I didn’t put as much in as I would have liked, but a win is a win.

I expected AMR would swing down this morning, and it hasn’t disappointed. We’re at $11.41 as of 11:04 a.m. (CDT), and I’m thinking it will dip maybe as low as $11 today.

UPDATE: Holy crap. It’s 12:34 (CDT) and AMR is at $11.07.