Open Question

I have bought Visa at $89.50 and today it droped 5%, should I buy more?
Thanks, Persis

Asked by Persis 3 days ago - 6 answers - 170 views
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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

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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

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Ride the greater fool trade for all it's worth - sensability need not apply

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just keep buying and close your eyes. not a good strategy, but with V it will
work

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1 st post on point. Trade or investment? Investment than scoop up on the
downside.

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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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