I opened $American Express(AXP)$ ,AXP: sold some additional AXP to continue build up my short positions. The counter is maintaining its strength amidst a strong bullish market. Looking for a swing trade and 5-10% down over next couple of weeks and I’ll be out of the trade. Ensuring average cost improve helps.
I opened $American Express(AXP)$ ,AXP: continue sell into streng to average my shorts with higher holding average. AXP is testing all the high again and depending on market might confirm or rejected. Still have some legs to go up if sentiments remained bullish for sustained period.
I opened $American Express(AXP)$ ,AXP: short additional shares of AXP as continue to accumulate positions on AXP as continue to test all time high. Momentum is very strong with this counter so might take a while for fresh catalyst to surface and turn the story around.
I opened $American Express(AXP)$ ,AXP: short additional shares at $252.8. Closed off a portion of my shorts last week when it went down on 6th and became profitable. Since today had been bullish and near my previous short price, decided to accumulate into the same positions again and build up shorts momentum. Betting on credit defaults and worsening credits as the economy slows.
I closed $American Express(AXP)$ ,AXP: close a portion of my shorts on a bearish day. AXP had been selling lower for 6th day in a row and might get a rebound high after hitting the 50 days MA support line now. Took some profit off while letting the rest to run. Might reenter some shorts if it trends higher.
I closed $American Express(AXP)$ ,American Express, Visa, and MasterCard—I believe choosing just one is sufficient. Currently, no one can challenge their dominance in the credit card industry.