Shit so I tried to transfer money to my brokerage acct and they held it, likely until monday. Looks like I missed the boat on this 
Visa IPO on Wensday
- Thread starter BigWill
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IMHO you are bang on. When the credit crunch is in full effect people won't be spending on credit and purchasing with credit cards.
You guys are missing the point. Every time someone uses a card with the Visa logo on it they get their cut (flat fee and a percentage). Not just Credit Cards, but debit cards as well. The trend is up on the usage of plastic, whether backed by cash or credit.
No but debt will be getting moved around like crazy. The smoke and mirrors involved with that is a whole other cash cow.
Shit so I tried to transfer money to my brokerage acct and they held it, likely until monday. Looks like I missed the boat on this
Ouch, its still going up though!!
Thanks for this info, it's already made me money. +++REP.
I bought 100 at $42. It closed today at $64.24, which makes me- after two days- I'm $2224 richer than I was on Monday.
Kudos to whoever bought in lower and more.
When the market cycles back down (as it inevitably will in the next five days) good buys have been Amazon and Google. Google was at, what, $625 a share in December? It's down to the low four hundreds last I checked. Amazon was near $100 at Christmas and I've seen it being traded in the low sixties at the beginning of this week. Once Jeff Bezos gets his Kindle orders straightened out, it'll continue to climb- I am betting past the $100 mark by Christmas again. Then I'd dump it before late December's triple witching hour and skim the $40+ profit per share. It may not be a Visa IPO- but it's still good, easy money.
...the best kind.
I bought 100 at $42. It closed today at $64.24, which makes me- after two days- I'm $2224 richer than I was on Monday.
Kudos to whoever bought in lower and more.
When the market cycles back down (as it inevitably will in the next five days) good buys have been Amazon and Google. Google was at, what, $625 a share in December? It's down to the low four hundreds last I checked. Amazon was near $100 at Christmas and I've seen it being traded in the low sixties at the beginning of this week. Once Jeff Bezos gets his Kindle orders straightened out, it'll continue to climb- I am betting past the $100 mark by Christmas again. Then I'd dump it before late December's triple witching hour and skim the $40+ profit per share. It may not be a Visa IPO- but it's still good, easy money.
...the best kind.
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