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MasterCard Incorporated Message Board

  • killerstocks killerstocks Jan 8, 2008 7:41 PM Flag

    Market way oversold.......

    12500 is where the DOW started on Jan 1 2007. From Jan 1 - March 31 2007 the market went to 12000. How much further are we going to go down?? I just dont see us going down anymore....worst case maybe 12000 but thats only 589 pts away from today's closing.

    Having said that.....I dont see any severe downside risk to buying MA at these prices. With the Fed about to cut rates at 1 Full Point in the next few meetings, the risk of recession will be averted + MA blowing away estimates...will drive MA to new 52 week highs.

    I know that Financials start reporting next week, but their dismal earnings have already been baked into their share prices. There would have to be some severe downside surprises for there to be any impact.

    MA has held up extremely well since Friday. It has bounced back from 187 (yesterday's low) to 207.70 (today's high). Its a bull stock wanting more, but the market keeps trying to hold it back.....see ya.

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