Visa- contrarian indicator

Discussion in 'Stocks' started by flyinglead, Feb 3, 2009.

  1. Been doing a little swing trading of Visa
    It seems to always go against the market.
    Any insight on why some of these stocks seem to do that consistently.
  2. I like picking it up in the 42-43 area and selling near 50. I made tidy 12% doing that over the past week or so.

    I don't trust earnings, though so I have no position now.
  3. V immune to mild recession. buy all you can at these levels. Surging in AH
  4. V will be your next epic failure. You'll see.

    You've only lost, what, 50% in it so far?

    I guess it's already an epic failure for you.

    Maybe you can limit your loss to 50% as opposed to your more conventional 90%, though.

  5. almost exactly what I was doing. buying in the 44-45 range tho.
    I lost plenty of money on it when I had it in one of my brokered accounts, now I'm slowly making it back up.
  6. I wish I would have held through earnings! Oh, well - I didn't want to take that risk.