Visa
It's my first question at TickerHound.
Is approx. $90/share as of May 7/08 still a good price to get in or too expensive?
Will it just keep going up and up or is a pullback in the near future likely?
Thank You, LP
Answers
4075 points
EthanR answered one year ago …
Welcome! I think this stock is looking frothy at this level. The technical indicators are all overbought on the daily chart. Not saying it couldn't go a bit higher, but I think at this price level the risk is greater than the reward in the short term. I would be a buyer on any pull back to $80. Looks like it has shown some support there, although it's tricky because the stock is so new that the chart does not have much history to go by.
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175 points
ricTICros answered one year ago …
VISA will have its ups and downs but in the long run will do at least as well as Mastercard. Best way to make big profits with little risk is to buy long-tern calls at or below 80.
Read more from ricTICros102 points
klrklr answered one year ago …
I think it will at least quadruple it's $44 IPO within a year.
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