ma chart trending down?

[newtothis]

Why is mastercard going down while the dow holding up pretty well

 

[nazzdack]

There can be expectations that credit card debt will become the next big financial time-bomb to explode if the overall economy worsens.

 

[zdreg]

MA is not subject to credit card default.

 

[NoDoji]

As was mentioned, MA does not carry debt, but they were downgraded recently by S&P to a "Hold", which in a bear market seems to be a kiss of death :eek:

Also, MA was certain to test new lows Friday once the bailout plan fell apart Thursday, because a free-flowing credit market is crucial to its success.

MA is a fundamentally sound company with expanding overseas markets as wireless transactions become more and more global.

They'll likely range around for a while though, before moving significantly above $200 again

 

[newtothis]

but the fact that ma in in debted too by its customers makes it just like any loan. except thats its usually smaller amounts than a mortgage

 

[zdreg]

Quote from newtothis:

but the fact that ma in in debted too by its customers makes it just like any loan. except thats its usually smaller amounts than a mortgage

? they cannot lose money on any transaction. they are not guaranteeing that the customer pays

(is verifone a competitor of theirs?)

 

[stocktrader2007]

Any clue about Credit Default Swap?

 

[Port1385]

Dan Zanger and several other players have been shorting MA for months. MA is the next AKAM.

 

[NoDoji]

MA is great for intraday longs and shorts, because it moves in such large chunks ($5-$30 moves).

 

[newtothis]

Quote from zdreg:

? they cannot lose money on any transaction. they are not guaranteeing that the customer pays

(is verifone a competitor of theirs?)

zdreg ofcourse they can lose money, any customer who is piled up high in debt can walk away if they don't give a shit about their credit