Visa Testing the "Never Sell at 90 Rule"

One of the first things you learn when you become a trader is that stocks that break above 90 per share usually go to 100, a ten percent how-you-doing that you get just for sticking around.

I call it the “Never Sell at 90 Rule”.

Anyway, my favorite stock in the whole market is and has been Visa and it’s about to test that rule.  By way of full disclosure, I’ve been buying $V for four years now, I own it everywhere from the high 80’s to the low 70’s.  The only thing that ever really knocks it down is when there’s a scare about caps on the fees they charge merchants.  But then everyone adjusts and realizes that Visa and Mastercard ($MA) are in secular growth trends no matter what – the migration from paper to plastic is unstoppable, even as mobile payments begin to take share the need for processing keeps $V and $MA right in the middle of it all (probably why Buffett’s been loading up on Mastercard, he loves moats this is a huge one).

Anyway, the last time Visa broke above 90 it didn’t work, but that was then and this is now.  Visa’s ready to test that rule again and I think this time – crazy market event notwithstanding – she’s gonna do it…

 

 

 

What's been said:

Discussions found on the web
  1. k2 e-liquid commented on Sep 14

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  2. bitcoin era reviews commented on Sep 23

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  3. visit their website commented on Nov 01

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  4. rbc login online banking commented on Nov 27

    … [Trackback]

    […] There you will find 97424 additional Info to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  5. 토메인 commented on Nov 29

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  6. tangerine login commented on Dec 06

    … [Trackback]

    […] Here you can find 34855 additional Information on that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  7. Laundromat Croydon commented on Dec 07

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  8. td bank easyweb commented on Dec 07

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  9. direct to wood cornhole board set commented on Dec 30

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  10. LD Systems DEEP2 4950 manuals commented on Jan 20

    … [Trackback]

    […] Here you will find 67345 more Information to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  11. Dallas Energy Plans commented on Jan 22

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  12. lace front wigs commented on Jan 24

    … [Trackback]

    […] Here you can find 42489 additional Information on that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]

  13. Digital transformation commented on Feb 05

    … [Trackback]

    […] Here you will find 23721 additional Info on that Topic: thereformedbroker.com/2011/10/12/visas-going-to-test-the-never-sell-at-90-rule/ […]