This week we traded relatively intensely, although the result was not as good as expected.
AIG was sold off in rush to free up cash and reduce our risk resulted from its heavy price fluctuations. The stock closed the week at $34.21, so with the benefit of hindsight the first trade
of this week was not a bad move despite the fact that AIG’s price once surged above $35. With
the proceeds we over-weighted CIT in our portfolio by acquiring 445 shares in addition to the
300 shares we had had. However, its price only rose slowly to $39 as of Friday’s close.