Doug Kass Piles On To His AIG Short

Last week, we reported that Doug Kass of Seabreeze Partners was shorting American International Group (NYSE: AIG) at the $41 level.

Today, Doug Kass is pressing his AIG short to extract more dollars from a stock that is trading at an inflated value.

Doug Kass is a noted short seller, but his timing over the past few months has been nothing short of extraordinary. So we said last week if investors wanted to make money, they should have followed Doug Kass in shorting AIG above the $40 level and even though AIG is down 7% today, it is probably not a bad idea to follow Doug Kass into it.