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Visa Inc. Message Board

  • cmdr_boom_boom cmdr_boom_boom Mar 3, 2013 9:34 AM Flag

    Support level/Share Repurchase

    These are some of the support levels I found listed online. (NASDAQ)
    1.57, 1.52, 1.48, 127
    In the last two earnings reports share buybacks were reported at two of the support levels, 148 and 127. V’s share price stayed at these levels for a good period of time. The 154 to 157 range seems to be one of those levels that V’s share price seems to be digging in at.
    It will be interesting to see how many shares, if any, are repurchased in this range/level.
    I would think the repurchase will be closer to 154 – 155 then 157…again IF ANY.

    IMHO

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    • I'm looking to add below 157. Given the atmosphere in Washington this could happen at any time.

      As a solid holding - despite where consumers may shop - this has a strong long term appeal. Not a chartist - just looking at fundamentals ...

      Joe

      Sentiment: Buy

      • 1 Reply to joeschmo_4
      • This is just my opinion but I think if you don’t see it in the next few weeks you may not see it all. Once we get to the end of the month earnings season starts. The banks are up first and they usually have a nice story to tell about their credit card business. Once that happens analysts start to raise price targets and I think well be leaving this range.
        So good luck with the dip and as always I can be completely wrong

 
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