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Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

There is nothing I can use to predict the future price of V, so there's no way to formulate an exit strategy. Its price is decoupled from its value and there are no technical indicators; it's a new issue and the chart is parabolic. That's not trading, it's gambling. If you need the returns and are comfortable with that, so be it. Good luck to you.
May 07 12:32 pm |Rating: 0 0 |Link to Comment |View article
Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

No, Visa is not a credit card issuer. But V trades at 40x earnings and it pays no dividend. That's an automatic fail here at the bearfund. If you want to bet on number 23, go ahead. The casino is over there. V is neither a sound investment nor a reasonable trade; you are doing nothing but betting on the greater fool. I'll give you $15 a share for it; that's a bit above its liquidation value but I'm willing to take a bit of risk that it'll someday pay a dividend.

No position on V. I don't trade the untradeable.
May 07 00:33 am |Rating: 0 0 |Link to Comment |View article

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Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

bearfund is a Top 100 Commentor

Stock Market Opinion & Analysis