Selling with plan to pick back up around $7/share.
Amex has a number of things against it. Not the least of which is it lends it's own money. Defaults are up beyond expectations for personal accounts. Corporate/small business accounts are starting to follow.
Additionally Amex tends to cater to a segment of the population that is only just now starting to be hit hard with layoffs and financial stress. As this population burns through savings, Amex will experience higher late pays an… More
Stock screening and chart patterns expert, Kevin Matras, combs through the best Zacks stock-picking strategies averaging +60% yearly gains to find stocks with charts showing they are ready to skyrocket. Chart Patterns Trader >>
Find Winning Stocks Quickly with Research Wizard, a powerful desktop software program. Start with easy-to-use pre-loaded strategies, then develop your own. Backtest against years of historical data to see how your approach works in any market. Start a Free Trial Today >>