Oct. 25th pick price: $1.70


Our new pick AIG narrowly avoided a very much publicized bankruptcy
filing last month, when the government stepped in and loaned the
insurance giant $85 billion. Since then the government has pledged
AIG an additional $37 billion. As of October 22nd AIG has so far used
up $90.3 billion of what the government has pledged to loan the
company.

AIG is selling off portions of its international operations to repay
the government loans. Other major insurers such as Prudential have
come forward to bid on portions of AIG.


The stock price of AIG recently dipped as low as $1.25 before
shooting back as high as $5.70 after the government bailout loan was
first announced.

AIG closed Friday October 24th at $1.70 partly due to the weakness
in the Dow.

AIG should be coming out with Q3 2008 earnings in early November;
possibly right after the election.




"Pennies to Dollars" opinion:


In the opinion of "Pennies to Dollars" AIG has recently become very
oversold; as well as the Dow in general. With the elections becoming
very near; and a good possibility of at least a short term "relief
rally" following the elections; AIG may be in a very good position to
bounce back strongly over the next couple weeks.



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imo

pennystocks_rule

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