AEO

After I sold off my NRMX and TXCO, I proceeded to buy PRRR (see yesterday's post), and today, used remaining funds to buy 60 shares of AEO (-1.60%, 22.81) at 23.15. With its price being close to its 52 week low (21.07), I am optimistic that this would be a decent holding through recession.

Yes, I did mention recession, and with certainty. With the Dow surged past 14,000 a month ago, it is beginning to make its way down. Nobody can really predict whether it would be hard or soft landing, but few would argue that it is definitely moving downward. And even with big institutions moving their money elsewhere, like commodities, I do feel more comfortable putting my money into some companies whom I can easily walk into their stores and see its business operating on day-to-day basis.

Worst case scenario, I will lose 100% maximum, but the gain can be 10, 50, 100, 200, or even 1000% right? And talk about recession, I better start saving up and get ready for that big SALE event!

P.S. NRMX moved up 12% today (+12.61%, 3.93). This is one wild ride folks! Some insiders might have seen Bellini's new infomercial on his new supplement product! Also, PRRR was up (+11.11%, 4.80), but my purchase price was 4.85! Unsure whether to buy or not, I did not place the order until closed yesterday. Order was executed first thing in the morning, but already too late.

AEO
Open: 23.53
Mkt Cap: 4.90B
P/E: 12.57
Dividend: 0.10
High: 23.94
Low: 22.72
52Wk High: 33.00
52Wk Low: 21.07
Yield: 1.75
Beta: 1.43
F P/E: 12.03
Shares: 214.91M
Avg Vol: 4.53M
EPS: 1.81
Inst. Own: 79%