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Written by Aaron Brigatti  
Saturday, 15 November 2008

Well with the share price being decimated - and following on from the recent job cuts announcement by AXP, it was clear that things were absolutely rosey with AXP - even though our business results were fairing up okay over the last few years! Thanks largely to the division I am in - GNS!

But share price still has plummeted from highs of USD $60, to what is around a 65% drop - currently touching $20!!

This is absolutely a dismal share price - though there is always an opportunity in the midst of turmoil - buy the shares if you have got the spare cash :) !! My spare investment capital is reserved for a big investment (house-purchase) - but I might still buy some shares if it dropped to the $12-14 range - it's too good to miss this!

Anyway, AXP this week has also had a bit of a bumpy ride, dropping to $16 dollar during Wednesday's trading, and luckily making up some ground towards the end of the week to head back up to $21 again! I have a feeling that there may be more turmoil ahead of us! Worrying news indeed, hey?

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