Markets are fighting all the negative economic data points & closing GREEN back to back......
AH Fed are creating BAD BANK to deal with toxic asset.....
Financials are higher AH..along with Futures!!!
Strong stocks today included RIMM,ISRG,MA,V,GS,GOOG,FSLR......
AH YHOO ER was better than expected & new CEO saying everything IS on the table..means MSFT please buy YHOO....
Jimmy the Cramer saying CHART is LYING on GOLD & GOLD stocks.....so his drum roll saying Sell,Sell,Sell......you learn something NEW on Ding Dong show.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
SALEEM
here is why I love VISA
I personally know well over 1000 businesses, restaurants, retail, e-commerce, and b2b that accept credit cards in various cities.
Visa usage has seen growth every year for the last 40 years, even in the beginning of 2008 there was growth, at the end of 2008, it was the first time I ever seen Visa transactions settle in, slightly pull back in transactions vs other 4th qtr years, but the hundreds of businesses I know of still represent steady numbers. In January 2009, usually one of the slowest months of the year for Visa, is showing a consistent perfomrance, I don't see transaction dropping or pulling back anymore through the restaurants, retail, ecommerce, and b2b, that I know of. This is a very good sign that usage is steady, not super strong, but steady. In the b2b businesses I know of, I've seen transactions increase!
We forget one big thing, Visa in China is EXPLODING, Visa is completely virgin in that market but it's exploding in China despite the fact that they too are in a recession.
Another thing we have to remember one important thing, Credit is one important element that helped us get out of the Great Depression, and during the the bad recession of 1982. In summary, Visa is here to stay and very vital element in getting our economy back to solid numbers again, and probably at it's lowest performance we are going to see for a long time. Could we see the 30s? Of course, could we see 20's ....of course, anything is possible, a bomb could fall on Visa's top networks and cripple the company, but you have to ask yourself what's the chances of this happening or seeing this stock in 20's or 30's?...Let's just say it has a much better chance of seeing 50's 60's and higher vs going lower.
I don't look at the charts, because what I do is talk to businesses every day and ask them and get actual numbers which will be reflected in it's stock price several months later.
Amex transactions have dropped because companies significantly use Amex over Visa or Mastercard and all
corporate spending has been cutback, but Consumers use Visa and MC more than Amex cards. Thus, I don't expect Visa to beat their earning estimates, but I do expect them to hit their estimate or come up slightly short. As funds become
available to banks, and we slowly correct and tighten our monetary fiscal policy, expect this stock to sky rocket.
This is one stock that I would not be buying puts or shorting right now, I expect a short run maybe into 50's (because I think this has been very heavily oversold) within next 30-90 days, but as soon as China and rest of developing parts of the world catch on to credit card usage(which may be 12-18 months) , expect Visa well into the $100-$200+ price range.
Hi Madmax,
Markets are looking short term only...any fundamental picture is totally out of sync..based on FEAR factor....
V & many stocks suffer in the meantime...as trading is technical based....
Saleem
YES
Accuse me of exuberance
that is me
Ha ha
I am short term I guess but LT oil and VISA
I am so red in the hole
Have a great day my friend
M
Hi All,
BDI cracked 1000 mark and moving up. It was at a low of 663, lower than the 886 price in 1986! Normally in the 3000-5000 range. I like Visa too! Long on Visa, one billion Chinese can't be wrong!
Best of Luck!
Standards
thank you for your note on Visa I picked up Cit and FNM it is only a gambling play that could have a big bang for the buck!--thoughts
I gotta love the action in DSX and DRYS EGLE
Up almost 10% Yea ha!!!!
looks like we have some lift off Houston
Max
Standards
thank you for your note on Visa I picked up Cit and FNM it is only a gambling play that could have a big bang for the buck!--thoughts
I gotta love the action in DSX and DRYS EGLE
Up almost 10% Yea ha!!!!
looks like we have some lift off Houston
Max
Hi Mad,
V is at IPO price of $44. A good buy. FNM & Citi are interesting plays. The longer the better. A small move is a large % increase. Good Luck. Sold FRE for tax loss. BDI rates going up, at least back to normal. Hopefully. Hold shippers. Long. IMHO.
Best of Luck
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