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AXP

AXP is one of two financials I like (JPM being the other). At the moment it is sitting on support, with an over all bullish chart (ingore the downtrend… bullish going forward).  AXP is suffering from the traditional bear market deliquencies, that IMO, Wall Street has already factored into its price.

axp

I like it here, and think its a good entry point. (Add if 35-36 is seen again, but I think its down side is limited here.)

This entry was posted on Friday, September 5th, 2008 at 10:23 am and is filed under stocks, trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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