You know when google went ipo the overall market was less the optimal. There was much talk about the fact that it was overpriced, over hyped and the insiders were selling. I am seeing the same here. I know that st it may be risky but I also know that I don't carry cash anymore, not even for bagels and coffee.
Am I the only one who went long Visa?
Started by
securelstmile
, Mar 19 2008 06:38 PM
2 replies to this topic
#1
securelstmile
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Posted 19 March 2008 - 06:38 PM
The harder I work, the luckier I get.
#2
TheArchitect
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Posted 19 March 2008 - 07:17 PM
You know when google went ipo the overall market was less the optimal. There was much talk about the fact that it was overpriced, over hyped and the insiders were selling. I am seeing the same here. I know that st it may be risky but I also know that I don't carry cash anymore, not even for bagels and coffee.
i bought V at 60 today... no... i didnt... but i bought more MA puts... that dog's going to 180... 
#3
nimblebear
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Welcome to the Dark Side !
Posted 19 March 2008 - 09:16 PM
Great timing. For Visa perhaps. Yet another way for someone to unload its debt on the public.
Great income stream. But again. It is credit to a number of risky borrowers. Think the banks are bad ? Anyone can get a Visa. Do you think at this point in the economic cycle, Visa just might know something about the millions of cardholders they have that the public doesn't ?
OTIS.
