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Non-Tech : American Express (AXP)

AXP 361.62

+0.2%

9:30 AM EST

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To: Axxel who wrote (101)	1/5/1999 8:26:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 179

Axxel, What do you make of today's action? Are you suggesting one should by calls here as the stock has continued down (even on a strong day for the markets)? On possible calls, what are you recommending? Leaps? or just month to month? I like the company but believe it and most blue chips could use a 10+ correction before they have a good base for a strong move up. I am inclined to wait for this haircut (3rd week in Jan.?), before jumping in. Thoughts? Steve D.

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