The 7 Days Prediction on December 19 2010

 In accordance with the 7  days prediction from Sunday December 19, AIG shares rallied on Monday after the company announced that it had secured $4.3 billion in credit facilities from 36 banks, which will allow it to replace funding it got from the New York Fed and other entities. AIG (AIG) stock jumped 10% in midday trading, and is up  21% from  the date of the initial positive prediction for the stock and 99% so far this year.

Earlier this month, AIG sold $2 billion in unsecured notes and lined up another $500 million liquidity facility.

“As we approach year’s end, we believe we are close enough to completing our recapitalization plan that we can see the finish line,” said AIG Chief Executive Officer Robert Benmosche.

Forecast release date – December 19 2010 (Sunday before the opening of trading week.)





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