William Franceschine » GE http://www.williamfranceschine.net Just another wordpress blog. Thu, 20 May 2010 10:38:19 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Another 15% Gain http://www.williamfranceschine.net/2009/03/23/another-15-gain-/ http://www.williamfranceschine.net/2009/03/23/another-15-gain-/#comments Tue, 24 Mar 2009 00:11:12 +0000 admin http://www.williamfranceschine.net/?p=21 At the opening I added AXP (American Express) to my portfolio. Together with BAC (Bank of America) and GE (General Electric) I think I have an amazing group of Blue Chip stocks that have:

a) been hit particularly hard by the current downturn
b) stand to return to record highs – once markets recover their sanity

-One day into my investment AXP is already up 18%.
-Three weeks in BAC (75% of my overall investment) is up over 120% – and gained over 20% today.
-Three weeks in GE is up over 50% and gained nearly 10% today.

Not a bad start. I don’t expect the gains to be as large and as quick forever, but I expect a steady upward slope for the next 2 years+ or until the stocks are back to record highs, whichever comes first.

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