VISA stock

 

We put a pretty large chunk in on opening day, buying pieces at $58-$61.  Needless to say it's been a pleasant surprise.  The Mastercard experience duplicated.  It's $85 now and I'll shave some off once there's some indication of softening. 

 

No credit exposure and enough non-discretionary tx revenue to swallow any recession induced spending slowdown.  This will be a cash cow for many years to come.  Potential to start paying dividends once the whole interchange litigation mess is behind them.    

KOAJ,

 I sit to late to jump in on this stock at 85?  Should i wait for a drop or dont take a chance that it will drop lower again

thanks

cd

a trader i respect greatly was buying today.  I'd buy, and see if it can break above $90, which it couldn't two weeks ago.  If it sees resistance at $90, tighten up your stop.  looks like there could be support at $81 or so, where there has been support before, and it is also where the uptrend line would probably land at.  A more conservative stop would be at the 20 day MA, at about $83.20.

 

JUST MY OPINION

Thanks KOAJ  for reply and thank you Gunner for the info.

Am still kicking myself for not buying when it was in the 50's.  I was waiting a year for this stocks ipo, then when it opened i chickened out and didnt buy.  What a friggin dope iam.

I know nothing about stocks but just knew this one would be a good one to buy.

Visa is well managed.  But that doesn't mean its stock price doesn't crater during the June confession season.

 

Trade it only.

 

Get in, hope you get ahead, and then get the fcku out before your gains are vaporized.  Won't make you rich.....no, but you can make money and sleep at night once you're out.

 

In this horrible economic environment, that's as good as it's going to get......unless you got inside info, forget about being a hero.