Why is VISA going up today

Discussion in 'Stocks' started by jr07, Oct 1, 2009.

  1. what's the point?
     
    #11     Oct 1, 2009
  2. jr07

    jr07

    The point is to learn, from someone obviously in the know as yourself
     
    #12     Oct 1, 2009
  3. NoDoji

    NoDoji

    V dropped a whole bunch lately while the overall market ranged around. V is not subject to credit card defaults so all the bad news does not fundamentally affect it.

    Most importantly (and pay close attention to this): More people wanted to buy V today than wanted to sell it.

    If you're a long term investor V is priced at a nice dip in a long term uptrend.
    If you're a day trader, V went up and down today, giving you equal opportunity trading.
     
    #13     Oct 1, 2009