No Action on Visa … Yet

By Jorge | Published: Friday, May 2, 2008

No action taken on Visa so far with today’s selloff. The strength of the selloff actually concerns me so as a result I have yet to take any positions on it. Here’s what I have for Visa right now. Be back after lunch!

Visa Selloff - May 2, 2008

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  • BigJim
    I bought V at $60. Sold out after hours the last trading day before earnings came out expecting a sell off. The sell off occurred exactly as I predicted and I picked up some DEC $90 and $95 calls. The bounce occurred WAY FASTER than I ever imagined. I followed the price of my calls with loose stops but this downdraft knocked them out. Who cares, 30% gain on my stock and 50% gain on both options.
    Interesting to see where this one ends up though.
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