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MasterCard Incorporated Message Board

  • kisakisa kisakisa Feb 25, 2009 12:05 PM Flag

    MA breaking out.

    Cramer said it was breaking out.
    Lots of March calls bought at 170 yesterday and now, today at 180 and 185. And I mean A LOT!
    Highest close was at 164. If it breaks that, funds will pour in.
    EVERYONE is cutting their dividends but not MA.
    I think funds will see this as a save haven, even a dividend play, just like consumer staples.

    MA has shown incredible strength the last few days.
    Now today the market is down big and MA is up? What if the market rebounds today or even goes green the next few days. Even a small bit will shoot this one up to 170. It's already less than 7 points away today. Won't be hard to get there.

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    • >>Highest close was at 164. If it breaks that, funds will pour in.<<

      165 is proving to be tough resistance; it keeps bouncing off of that line.

      >>EVERYONE is cutting their dividends but not MA.
      I think funds will see this as a safe haven, even a dividend play, just like consumer staples.<<

      I suspect that that thesis is generally correct.

      However; MA is still swimming upstream like a salmon trying to make it up and over the waterfall against the flow. Lots of fundamentals against the credit card companies, and eventually the fundamentals will win out, but as always, the timing is a bitch....

    • the volume could be due to a lot of shorts selling the stock off at 165-167. I myself tried but could not get any to borrow.

      I don't really care since I got out at earnings. Many times I lost my patience and bought back in the 140s only to see it go to 120. It is possible again but will start buying small amounts.

      Waiting for 140. Waiting. Waiting. Waiting.

    • I was long but sold off and have just been making small trades to reduce the loss. MA is a good stock. I like its performance, its fundamentals and numbers. Compared to V (I had V as well but sold off when it tanked), I like MA better as it moves high-low a lot more.

      I don't think MA is going to sustain for very long. It will be back below 150. I have been seeing it since last Feb, but ever since May, its been down more times with short bursts, around earnings.

      There is no indicator that MA is moving because of conditions in the economy. Retail, unemployment, travel are all down so the only reason is a bear rally in financials buoyed by the Bernanke / Obama speech.

      I used to be bullish but the economy is a mess globally. When I hear that US, Europe and ASian banks are extended at 30x and 60x, bankruptcies, layoffs, slow retail, I started becoming bearish too.

      In no time, I think we will be back with bad news that will depress prices. I think 140 level is good to buy back some positions.

      If you are buying then would advise to buy small amounts.

    • Looks like inverted hammer formed today.
      We could see it dropping tomorrow.

      Good luck everyone!

    • see...up $0.07 with 5.7 million shares...so what is everyone's points about the big volume again??

      why can't it hold $166??

      haha...let's see what happen with this sucker...

    • well, you made money...so cool and congrats to you...

      I am buy/sell and hold (until it meets my targets or fundamentally changed)...

      see, today's swings is TOTALLY momentum-driven - nothing has changed for MA specifically!!

      haha...take care and I am still shorting and holding a bunch of MA...

    • Doesn't look like MA will finish higher than 164.
      I'm out. Will get back in at lower price.
      I was expecting the rally to stick but it didn't.
      IF you are buy and hold, just ignore my posts or read them for entertainment.
      I like to trade.

    • 163.98 = highest close since it's last earnings.

    • Kisakisa,

      You post 20x a day pumping this stock so I'll respond back to you.

      First, let me state that I have a relatively big short position on this stock of around $155 so let me sincerely congratulate you on your winning long position.

      Second, MA is NOT a dividend play (it pays 0.4%).

      Third, it is NOT a consumer staple in that, yes, people can use credit cards to pay groceries and gas, but it doesn't HAVE to (especially when limits are maxed out by consumers and or cut by banks) use cards. Furthermore, V and AXP and DFS aren't necessarily showing the strength MA is. This smells more like a mini-squeeze and momentum play (short interest is down a bit).

      Fourth, you are using Cramer as a leading indicator? For real?

      Fifth, highest close is 164? Huh, no. Highest close is $320 or do you only look at the past 30 days' closes to make investing decisions (and yes, I don't "trade;" I invest - long or short).

      Sixth, what do you do for a living that makes you an expert? A day-trader? I respect good traders and I am a *lousy* trader myself so I am just curious - no disrespect intended.

      Again, congrats on your success so far - however, I do not share your optimism on MA's med/long term success.

      Sincerely,

      • 2 Replies to carolynstrehlow
      • I appreciate your post. Glad to see someone who can post here with some sense.
        But let me clear up a few things....

        "You post 20x a day pumping this stock so I'll respond back to you."

        True, I do like post here a lot but I do NOT pump or trash any stock. OK, I might trash but only crap companies that are way, way overpriced (like CROX, I really trashed that one).
        I only pointed out a few facts that may seem bullish in MA. "PUMPING" is when I write something like..."This one's going to the moon! GET IN NOW!"

        "Second, MA is NOT a dividend play (it pays 0.4%)."

        True, it's not a BIG dividend play but like I wrote, dividend funds are getting hammered because some of the traditional stocks that pays out are not doing it anymore. Dividends is a small extra you get with this stock. You would not get MA just for it's dividend. I rather have Altria, AT&T, Verizon, or a pharma instead.

        "Third, it is NOT a consumer staple in that, yes, people can use credit cards to pay groceries and gas, but it doesn't HAVE to (especially when limits are maxed out by consumers and or cut by banks) use cards."

        I mentioned debit cards. I didn't know that debit cards could get maxed out.

        "Fourth, you are using Cramer as a leading indicator? For real?"

        I don't see where I wrote that I'm using him as a LEADING INDICATOR. Just wrote that he mentioned it. He's has been wrong with stocks before but at least he has made millions. Can anyone here say the same thing? If you say "yes" then I'm calling you out. Why would a millionaire waste his/her time on these boards?

        "Fifth, highest close is 164? Huh, no. Highest close is $320 or do you only look at the past 30 days' closes to make investing decisions (and yes, I don't "trade;" I invest - long or short)."

        Yes, my comments are for the short term. When I am looking for direction in this stock (long OR short), I have to take into account the recent trends. MA has fallen big time since it all time high. But it has rebounded nicely at 120. The question anyone should ask themselves is, "do I get in now or wait for a drop? Will that drop even come?"

        "Sixth, what do you do for a living that makes you an expert? A day-trader? I respect good traders and I am a *lousy* trader myself so I am just curious - no disrespect intended."

        None taken. I'm no expert but I've seen years of how this market moves. Just putting in my 2 cents so that people can have something to chew on when making their OWN decisions.

        Final note. I wrote last week that I thought MA was going to be at 140 this week. That doesn't sound like a pump to me. I was wrong. Surprised, but wrong. I'm just amazed at how much strength MA has every day. SO now I'm re-accessing my position. I think MA is a buy.

        Now as I'm typing this (because it was so long), MA was up only 70-90 cents and now it is up over $3. Imagine where it would be if the market was in the green today.

      • Though I would not call Kisa a pumper as he makes good calls at times (his optimism is scary though) ....

        Your post is one of the most decent counter-responses I have seen. Others should learn from your decency.

        I know for sure MA is a big pump. I am short myself and am waiting for the certain dump. I made the fundamental mistake of buying near term puts due to low impvol but I now know why the impvol was low.

        The big call volumes are for everyone to see so those numbers have started to lose their luster as an indicator. A lot of day-traders are attending Option seminars and betting big on options. MMs are seeing this retail intersted in MA and are clearly keeping it up for now.

        I am hurting on my Puts but mark my words - This is a pump on MA ! The dump will come soon !!

    • Also, look at the volume!
      Big today!

 
MA
82.03+0.65(+0.80%)Jan 30 4:01 PMEST

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