American Express .... yours truly shorting AXP to bankruptcy

American Express .... yours truly shorting AXP to bankruptcy

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This thread .... yours truly following it to your own bankruptcy

 
Hey guys, encouraging you to post your counter calls on AXP.. Keep them coming.

Its upsetting to many to say Amex is going to bankruptcy. So it should be an easy bet. My death. My money gone.

Pour it on. Let's have a good look at you.

We have vanzandt and Maxinger and others. Come in guys, give it all you got. Make your call, tell me how wrong I am :):D
 
Big huge companies can collapse
eg Brotherly Lehman.
But from the chart, there is no indication axp will collapse.

Please pronounce Elliot wave as Idiot wave.
Elliot wave only works on things like sea shells and those things.
 
AXP daily updated ............... right up at the 200-day ema



item
 
Come on guys step up to the challenge. Who's got the kahunas to go up against me?

You have everything in your favor.

Elliottwave does not work
Squiggly lines on a chart say doodly about anything
All experts and major analysts say AXP is top-notch.
It has no problems worthy of mention
Its balance sheet is stellar
Its a super strong outfit with giant streams of income

Jesus H Christ its been going up and up and up since 1974. There is no reason for it to reverse

So therefore how can a little guy like MG go up against a company this gigantic and profitable and highly revered on the street? Who would be mad enough to go up against such a giant?


EVERTHING IS IN YOUR FAVOR .............. place your calls here ............ AXP Price targets.



:):D:cool:
 
What historians will say about ET members in this AXP thread .................


Jesus H Christ, there were hundreds of them against just one guy named MG. They ridiculed his call on AXP but none had the kahunas to state their call. They just would not put out. They just don't have the kahunas to go up agaisnt this MG guy even though they vastly outnumber him.


Why is this so? How can this be?

Answer: becasue in each of their hearts is this gnawing fear that this mudderf%^^%$er is just too damn good. Like so .................



 
TazTheLaz said:
This is beyond stupid. Using some silly line to predict bankruptcy is like bringing a plastic knife to a nuke fight. Enjoy your margin call.

You provide no rational reason for Amex to be bankrupt in the future. And no, your goofy little lines cannot describe the financial condition (or future) of any company.

FA suggests that Amex is doing perfectly fine.

May I recommend reading The Intelligent Investor?
More...



FA suggested Enron was doing great.
The Intelligent Investor was Long Enron.
Analysts ratings were conssitently top-notch
There was unanimous agreement it was tops

Only later after the 5thw wave did it become apparent that there were shenanigans of massive degree going on, books were cooked left and right.

That's the problem with investors, they never find out ahead of time its always after so they get burned. They are so easy to fool. History has this happening over and over and over again since antediluvian times. It a repeat feno-menon



Enron monthly arithmetic scale



upload_2022-8-25_22-48-9.png









Enron daily .................. showing the following type of thinking .....


Who gives a rat's ass what Goldman sachs says or what any analyst says or whatever the general investing public says? who cares.

Price will not dishonor a monthly trendline and rarely if ever dishonor a nice clean daily trendline. Price will never ever dishonor a 4th wave. It just cannot. A 4th wave is the cerebellum and has a direct link to the occipital lobes . There is just no way Price is going to dishonor such a lofty seat of NATIVE intelligence. It cannot happen.



That waterfall decline at the right side of chart is WAVE 3 down = Monsignor Relentless Hisssself!!!
 
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