AIG (Short)...

AIG did a 20-1 reverse split recently, and I think this one has much further to fall. However, right now, it is VERY extended to the downside, and it is not prudent to initiate short entries at this time. Look at how it has closed below the lower BB for the past four straight days. Instead, I would look for it to stabilize a bit and perhaps rally on low volume. I am looking to use such a rally as a chance to get short.

Position: none