Why is VISA going up today

Wall St. is bleeding based on more unemployment and weaker manufacturing.

Visa is up 1%, what gives?

 

what is the tape saying? forget everything else.

 

You're missing something.

 

With all the changes being made and the drop in the amount of credit cards being issued to card holders will only hurt these companies moving forward. Some people had credit limits cut 50%+. No need to hold onto these stocks. As credit is cut so are purchases.

 

enlighten me

 

im actually short V, for those exact same reasons, hence my question about today. want to make sure there not something Im missing that might squeeze me.

 

Your first problem is being short a strong stock.

 

sell more then. if you liked it short at lower prices, you should love it short at higher prices right (for a longer term play)?

 

Strong stocks always find a top.....

 

Or so you are led to believe...