Talking stocks, trading, and investing in general

[djblisk]



WOOOOOOOOOOOOOOOOO HOOOOOOOOOOOOOOOOOOOOOOOOOO AMICUS!!

FOLD up 35% so far today.

Hope you got in.

I.... did not....

 

[chrisjr]

Any of you guys buying BAC at these levels?

 

[idfnl]



Any of you guys buying BAC at these levels?

I have some at this level, but I bought it a while back.

 

[jboy718727]

Anybody who likes to bet on earnings check out SPCB.

 

[djblisk]

Just bought a bunch of Visa for the long term.

 

[otc]

Why?

 

[upthewazzu]

Something to do with the Costco deal maybe? Although, seems like that boat sailed in Oct/Nov when it went from ~$50 to $60+

 

[lawyerdad]

Dude, it's the official credit card of the NFL.

 

[GreenFrog]

I haven't checked in on this thread in a while. I'm getting antsy with all my cash. Need to take on some posishunz but I've been sitting on the sidelines and missing dem gainz.

 

[djblisk]



Why?

Stable company for the long term.

Nothing too wild.

 

[otc]



Stable company for the long term.

Nothing too wild.

Ah, was wondering if you were doing something because of the split or the costco stuff.

 

[guyver00]

Everyone needs VISA, so it's a solid stock/company.

 

[lawyerdad]



Everyone needs VISA, so it's a solid stock/company.

Visa has a pretty fantastic market position, but I'm not sure I agree that "everyone needs VISA". And while I'd certainly agree that (I assume) it's a very stable security to invest in, the fact that it's a well-established company with a solid business model doesn't necessarily make it a good short or long term investment. It appears to have traded between $48 and $70 over the last year or so. It's near the high end of that right now. That's not to say that it's not a good investment; it may well be. Perhaps it's undervalued and the "fair" price is $95/share. But a company can be stable as a going concern and still be overvalued relative to its future prospects.

 

[djblisk]



Visa has a pretty fantastic market position, but I'm not sure I agree that "everyone needs VISA". And while I'd certainly agree that (I assume) it's a very stable security to invest in, the fact that it's a well-established company with a solid business model doesn't necessarily make it a good short or long term investment. It appears to have traded between $48 and $70 over the last year or so. It's near the high end of that right now. That's not to say that it's not a good investment; it may well be. Perhaps it's undervalued and the "fair" price is $95/share. But a company can be stable as a going concern and still be overvalued relative to its future prospects.

True.

 

[idfnl]



True.

You can loosely consider it an income stock. It's not paying a big dividend, but it does increment steadily, almost like a non-cyclical. I think everyone should have a little V, MC and AXP in their stack.