Visa- contrarian indicator

F

flyinglead

Been doing a little swing trading of Visa
It seems to always go against the market.
Any insight on why some of these stocks seem to do that consistently.
 
Quote from flyinglead:

Been doing a little swing trading of Visa
It seems to always go against the market.
Any insight on why some of these stocks seem to do that consistently.
More...

I like picking it up in the 42-43 area and selling near 50. I made tidy 12% doing that over the past week or so.

I don't trust earnings, though so I have no position now.
 
Quote from stock_trad3r:

V immune to mild recession. buy all you can at these levels. Surging in AH
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V will be your next epic failure. You'll see.

You've only lost, what, 50% in it so far?

I guess it's already an epic failure for you.

Maybe you can limit your loss to 50% as opposed to your more conventional 90%, though.


WERD!!!
 
Quote from BullAlert:

I like picking it up in the 42-43 area and selling near 50. I made tidy 12% doing that over the past week or so.

.
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almost exactly what I was doing. buying in the 44-45 range tho.
I lost plenty of money on it when I had it in one of my brokered accounts, now I'm slowly making it back up.
 
Quote from flyinglead:

almost exactly what I was doing. buying in the 44-45 range tho.
I lost plenty of money on it when I had it in one of my brokered accounts, now I'm slowly making it back up.
More...

I wish I would have held through earnings! Oh, well - I didn't want to take that risk.
 
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