So let me try to understand what you are saying, since I disagree with you & think gold is going down I should not be posting on this board? So you saying no1 is shorting the GLD? You need buyers & sellers, Bulls & Bears. I’m a bear on gold, have been since gold was around $1.2k. Don’t feel sorry for me, just because some1 doesn’t like something you may love. If you just want people to agree with you and bash people that don’t you’re the one that should be felt sorry for, because that kind of thinking is un-American; almost communist! Think about what China did to the students when they disagreed with there government. Is that what you want? You want a society that only agrees with you, thinks like you & dares not to speak or write anything in the contrary or be subjected to prejudice or insult?
"I don't know if debit cards are profitable for Visa." Visa has 60% of the debit market VS 30% for MA. The transaction fee’s for Debit cards are the same as credit cards. As far as the credit defaults impacting visa costumers, for every 1 person who has there credit card suspended for non-pay, there are 2 new approved applicants who are ready & willing to... charge it!
Visa, Inc., through its subsidiaries, operates retail electronic payments network worldwide. What part of this do you not understand?
Not according to this article. "Americans spent more in June, despite income drop" This blows your theory out of the water. If people are swiping when they are spending, especially if they are not using credit but debit, there is a good chance that it’s a Visa card.
Dam... girl! I know women change there minds allot, but you take the cake! 1st you short V, then you admit you where wrong and you covered & go long, now you want to sell & go short again? Take it easy, you’re only making your broker $$$. Let me help you, If you look @ a 5-day chart, you will see V had a gap up, then the next day it filled the gap & after that it ran up back to where it was b4 the gap fill. Today it’s consolidating for its next move. Now look @ a 3m chart, you should notice the cup and handle pattern, when V breaks $70, it will make a run for $80 (GS price target). Stay long now & go short then. Or don’t listen to me; sell your long; and go short, I will be selling you my shares to you when you are getting squeezed!
If you take a loss on a trade & you trade that stock within 30 days it's considerd a wash sale, the consequences is that you are not allowed to claim the loss on your trade. So how do you circumvent this?
Called it already, see my post.
Cup & Handle Pattern? 28-Jul-09 10:00 pm Pull up a 3-Month Chart, tell me if you don’t see a Cup & Handle Pattern.
Why a stock goes up or dwn, it’s a question that people try to find a reason for. Like the Downgrade some1 mentioned or could it be some profit taking from the run up from $58 to $69. How about some technical reasons, like the heavy resistance at $70 or the overbought condition that V was trading in when it was $69. I could come up with a verity of reasons, but they would all be speculative, just how the Downgrade theory is. GS put an $80 price target on V, so that would negate that loser company’s Downgrade. The real reason and the only reason is very simple & true; more sellers then buyers. This will reverse sooner then later & Visa will begin it’s clime back $70, but when it finally breaks $70; watch out! V will hit that $80 price target b4 consolidating to a new trading range.
whn you say we can see a $6-8 price movement, do you mean from as low as $61-$62, only taking V back to $70 or a $6-8 price movement from the breakout of $70, taking V to almost $80 where GS target is.
Ok, we got the 3 box reversal on the P&F charts today; so this should be the complted handle correct? And if/whn V breaks $70 that should be confermation of the Cup & Handle Pattern.. right??
Today was the day for V to break $70. It beat earnings, had an it's price target raised to $80 & a market rally! There are no more reason's for it to up now, but many reasons for it to go down. I am long on V & will hold, but shorting it @ $69 today is a good move short term. V will hit $100 & even higher one day & that is all I care about.
V had better then expected earnings, an Upgrade by Goldman target raised to $80 & the market is up big! What else does it need, the winning lotto #'s??
"How will they going to pay their credit card bills" V nor Ma cares, they don't issue credit & the debit transactions will make up for any slow down in the credit transactions.
Oh, well I guess it show's you how little I know about option's. But in that case, I feel bad for him; that is a big hit. Lets hope V gets back to $70 for his sake.
What part of this do you not understand? If you own V @ least 3 trading day’s B4 Ex-Dividend day (August 14, 2009), then you will receive $0.105 per share on (September 1, 2009) so if you own 100 shares yow will get $10.50, if you own 1k shares then you will get $105. Get it?