I have bought Visa at $89.50 and today it droped 5%, should I buy more?
Thanks, Persis
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there is absolutely NOTHING wrong w/V's fundamentals, they are rock solid. wait
for some of this AIG junk to kinda fade, and then jump in....chris
This Fundie Girl has been playing in the darkside of Tech Analysis...look at
Visa today...the 9 day moving average was 84.85..see how the volume increased
when it went through the level...and closed below it..so at this point cuz I
would wait to see if it drops below it's 20 day moving average...if it does and
then start to head back up I might want to buy...NOW as a fundie MA has a
forward p/e of 27.19 with a better qt growth rate, while Visa has a forward of
32...so I would wait for Visa to get cheaper that way too...plus, without a
catalyst for awhile and a bad economy...it should pull back..but I could be
wrong. Nymph
Ride the greater fool trade for all it's worth - sensability need not apply
just keep buying and close your eyes. not a good strategy, but with V it will
work
1 st post on point. Trade or investment? Investment than scoop up on the
downside.
If you bought it for a quick trade, and your downside stop point has been
exceeded..then you should sell and hold to your plan. If you bought for a
longer term investment, then you shouldn't buy all at once anyway...you should
be a buyer of the dips. If I was you, I would buy in increments on the way
down. You will eventually be rewarded.
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