Im in at 64 and HOLDING...Its 86 now....I say it will be up to $1000 a share by 2010. Thats 10 times or more. Im just a dumb moron. But Mastercard did it. went from $39 a share to $315 a share in 2 years since going public. went public in may 2006. Visa is bigger that mastercard. The furthur we go in time the less people use cash. Everyone charges everything. Can't wait to see the christmas numbers this year with how expensive gas it. I been shopping online forever as we all do here but every year the rest of the morons catch up. Its so much cheaper to shop online. 1+1 =2 and there isnt a safer get rich investment you can buy.
When i bought 2 weeks after being public yahoo reports showed 0% mutual ownership. 1 motnh ago it was 7%. Now its 16%. Even FIDELTY FAMILY OF FUNDS owns 1 billion or more worth of stock. These numbers will just grow and grow. Mutuals dont sell shares. They hold shares. Less shares available higher the price.
http://finance.yahoo.com/q/mh?s=V
Im 45 and been following a newsletter since late 80's. The same 1. They hold up to 12 stocks at a tome. This was there report on tues night
Visa (V) rallied 30% from its breakout to its peak, and then dropped
as much as 17% before finding support yesterday. We certainly feel
the pain when a holding suffers through such a decline, but
historically, this type of breakout-correction-support pattern is not
unusual. Moreover, we view V as a gauge of sorts for the overall
market; if this stock truly breaks down, then it's likely the market
is in trouble. So far, the action is acceptable
"Moreover, we view V as a gauge of sorts for the overall
market; if this stock truly breaks down, then it's likely the market
is in trouble. "
So, to be able to buy stock in a company that has no downside---they are not a bank--they make money per tranaction---they have 0 risk....
My thought is i am just an average guy and this is a way to get rich...
Mastercard did it.....Why wont VISA...