Wednesday, March 19, 2008

Visa Update

I'm not sure how accurate this is, but it appears that the first trade might be in the vicinity of $60-$75/share for Visa. I'm currently long MA at 212.86 short term only (today is the culmination of what I expected to happen). I'm not going to touch Visa today though, looks like retail investors are a bit too giddy. Everything has finally come together as expected for the banks, however. The hype has allowed them to dump 406 million shares onto new investors without an issue. And what caused the hype - is MA's performance over the last couple of years.

We'll see where the opening trade is.

Update - sold MA at 215.5

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