Sorry, had replied below, but not registered in d post leh.

Anyway, d CDS will affect d coy reputation n performance in future, if not contained properly. Couples with split issue, tonite, local people may hv got indepth of d restructure but not d foreign investors, like us, sitting on desk for remote trading, due to uncertainty, unloading is unavoidable, esp those worrying kena trap in d odd lot situation, after d split.

D other less teething issue is that if it is in d TARP n no end date to bailout for d loan, investor confidence level on it would be affected as well. Hope that it is not in d list loh. Sifu may verify liao.

Brother:

Digest below before doing anything else, no hurry:

AIG adds risk factor, may recognise more CDS losses

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At issue is a super senior CDS portfolio held by AIG Financial Products with a notional value of US$192.6 billion as of March 31, 2009.

The company said in a regulatory filing that it might have to incur further losses on the portfolio if credit markets continue to deteriorate.

The fair value of the derivative liability for CDS transactions was US$393 million at March 31, 2009, the company said. -- REUTERS

 

Hi Ak,

Tks for the reply, tis is wat i tink too, since nw price is low n is fully support by US gov, well it will not be like past could surge till >USD65.

wat i see is looking at USD10 enough for the next coming 3 to 5yrs time, slowly buy in now, tink by the time retirement age can relax do some charity work liao.....cheers