Thursday, October 07, 2010

Sold American Express

I sold my position in American Express (Ticker: AXP) today at $38.05 yielding a 1.33% gain over a three day period. Looking into this further with the pending fight with the DOJ, AmEx swipe fees has no way to go, but down… Visa and MasterCard will be slowly fighting it out to grab market share. AmEx will simply get left behind if it doesn’t start to lower their fees. I’ll just hang onto my Visa (Ticker: V) and looking to initiate a position in MasterCard (Ticker: MA) if it corrects a bit…


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