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

The shenanigans that surface AFTER THE FACT about enron were downright heavy duty, unbelievable and totally disconcerting and demoralizing. but then again this is what happens to investors. They don't know sh*t and are as stupid as the people in this thread. These her in this thread ought to know better but they are just as f***ed if not worse.
 
My motto in investing:

If I was to wait for wide agreement that what I am going to do is right I would die poor and inconsequential and a rotter and reprobate with no shot at the title in a big swing.

The more agreement for action one seeks the weaker one is and will eventually cease to be a MAN, a dying species already as 98% of Men in America today are Beta Males due to Political correctness. The remaining alphas if any have been slaughtered in the courts. The last standing alpha, a fella named Donald Trump, when he is gone there will be an extinct species of MAN. There has never been an alpha president of the USA. Obama was defo Beta.


Agreement is a killer of fortitude, strength, integrity and honor to oneself

The greatest gift an Alpha has is, "be your own counsel and not minimize your own strength and power"


In a stock, when I close out a LONG and am on the way out the stadium, I notice the entrances are full of fools rushing in to buy in glee. but not a soul is in the exits. NOt a single human in the exits. I have the exit all to myself to walk thru;' in peace and quiet. heck you can't even buy popcorn in the exit, there are no vendors there


If I lose on an investment based on my principles its a loss and it will hurt no doubt but my SOUL/Kahunas remain intact. Which means I can fight another day.

Ma told her friends, "My life took off like a rocket the day he was born"

Have never disappointed her. But here at ET disappointment is my only friend :):D:D:D:D
 
this is elitetrader.com,
not
eliteinvestor.com

when are you going to have

my motto in trading rather than
my motto in investing?
 
1468 post in 6 weeks...

Do they pay you to post here?


Yes, The Market pays me handsomely. And with the trading I ain't even gotten started yet in terms of voluminous pay

By the time the BEAR market is over the post count might go to 50k.

Then the entire threads gets printed and put into a Compendium form not for sale but only for a very few choice people to take the strategies to new heights. Ultra confidential.
 
Bearish engulfing thus far for today


item
 
AXP Existing short not reported to ET because of before my time at ET already in progress nicely from $194/share. Not a trading short. This is sell and hold type short for the duration of the BEAR. there can be wide swings in drawdowns but my judicious STOP takes care of errors in waves.


Disregard this as it has no record here at ET. therefore only for reference purposes. Take with a grain of salt, pepper and turmeric


New add to Short position: $158.65/share entry done live ... done real time NOW

#shares short in this new short = 7,000 shares

STOP = $171.58




AXP monthly that gave me the confirmation of 5 waves to close out Longs and go short with aplomb due to the the exact hit at 423.6%

A purrrrrfect 5 waves up from 2009 low. A boon for the cognoscenti who can count from 1 - 5.

On monthly I expect Wave 3 down is next as is obvious that Amex is in a wave 2 up on monthly timeframe.

The gains ought to be so stellar during this 3rd wave.

I expect to add 30,000 shares by the time the 3rd of 3 is just about to start. No leverage its all my own funds.



item






AXP daily:



item



Slam dunk!!! Bearish engulfing bar that dwarfs almost 2 bars.




item
 
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



View attachment 293299








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!!!

did you forget to take your pills or something?
 
did you forget to take your pills or something?


Read your own post #7, cockroach. :) Unprovoked first meeting attacks get the same treatment. Zero etiquette deserves a hammering from yours truly.

Another thing: it is just a stock purchase or sell. How big a deal is it? Its nothin. To have it have such an effect on a fella is worth of an instant chokehold

Have a nice day, cockroach :)
 
Back
Top