Again, I'm not commenting on the stock price, but customers not paying their bill has little effect on MA. When you or I don't pay our bills, it's the issuing bank (Citi, JPM Chase, BAC, etc.) who is chasing after us, not MA. I think you're confusing them for a bank, which they're not. Good luck with the trade!
Your right my mistake, I didn't really take the trade off of any fundamental reason, it was purely a technical play. If it works great if not then on to the next. cheers
100% correct. Having said that though, bank defaults will hurt revenues for MA because it will mean less transactions being processed.
About 100 points ago I shorted 400-800 shares figuring "how much could you lose on a small trade.?" What a friggin tapeworm in my portfolio
Taking off HALF of my position here +$2 and moving stop to break even. Let's see IF this can turn into a Lottery Ticket trade now
The title of this thread s/b "Joab- needs to get real" The 220 puts have NOT increased by +$2. But maybe if you're paper trading they did.
Bob, Read the thread before you comment. The STOCK is down $2 from were I entered "see my second post". Sheesh this place bugs me sometimes.
This stock could be a 2008 favorite. The Apple and Google are getting kind of old. Lets see what happens. Akuma