Holding: AXP

seacaptain [220]

Symbol	Sector	Return	Exposure	Trades	Last Trade	Status
AXP	Consumer Finance	-0.95%	n/a	2	18-Jan-08	Prior Holding

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17-Jan-08

LT buy

Holding Rationale for AXP.

0

i may be premature here dipping my toes into financials. AXP got spanked pretty hard for revealing what we already knew: people are having trouble paying their bills. i looked at the charts over many different time periods, looked at the financials, looked at the investors who hold shares, and thought about the overall economic picture. i think i am in at a good price if we experience a quick short downturn here. if it is a more protracted and painful one, i think my downside risk is limited. i reserve the right to change my mind on a dime though ;-)

Tagged Stocks: AXP

Posted at 10:11 in Holding Rationales | Permalink | Comments () | Top