QUOTE (caulfield12 @ Sep 18, 2008 -> 07:50 AM)
That wasn't the worst, lol...I bought JDS Uniphase at the height of dot.com bubble at around 110 per share...it went up to around 140 when it was added to the S&P 500 Index, and then I rode it all the way down to $2.96 per share. Actually, I don't mind writing it off as a loss...although I will hold onto AIG and maybe something positive will come of it.
Maybe Warren Buffett will swoop in and that might help my Berkshire-Hathaway....actually, I think MSDW and Goldman Sachs and many regional banks are getting shorted simply because they are banks, and things will slowly correct over time, although I certainly have little hope for my AIG investment.
Thankfully, I don't have more than 100 shares...imagine being a lifetime AIG worker and having your entire retirement tied into that stock and seeing your future eviscerated in a little less than 2 weeks??
I don't think anyone really was out on the forefront and accurately forecasted what was coming with AIG and now the other two Wall Street investment banks.
Try Wells Fargo, by far the most stable bank out there.