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Stock Picks Bob's Advice
Wednesday, 11 June 2008
Visa (V) "Trading Transparency"

Hello Friends!  Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice!  As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

Fortunately, I don't often write up a stock like Visa, which I just reviewed on May 29, 2008, suggested a "Buy" rating, buy shares of the stock and then go ahead and sell share just about two weeks later.  But that is exactly what has happened!

On May 29, 2008, after a partial sale of Copart on a gain, I purchased 70 shares of Visa (V) at a cost basis of $86.03.  A few moments ago, with the market once again under pressure, Visa shares have been selling off and as I write are trading at $78.14/share, down $(2.17) or (2.70)% on the day.  When they passed my (8)% loss level, I initiated a sale and sold all 70 shares at $78.99.  This worked out to a loss of $(7.04) or (8.2)% since purchase.

Without anything fundamentally wrong with the stock, but with my own sale of shares,

VISA (V) IS RATED A HOLD

After an initial purchase of shares, no matter how much I 'like' a stock, I sell my shares should they decline to an (8)% loss.  Since this is on 'bad news', I do not plan on replacing these shares, but instead am now back to my five position level, my minimum, and shall wait either for a sale on bad news (which I shall in this case find a replacement for), or a sale on good news to be buying a new position.  'Good news' for me is a partial sale of a holding at an appreciation target reached.

Thanks again for visiting and stopping by!  If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.

Yours in investing,

 

Bob


Posted by bobsadviceforstocks at 9:20 AM CDT | Post Comment | View Comments (5) | Permalink

Comments Page

Wednesday, 11 June 2008 - 2:51 PM CDT

Name: "Greg"

Classic buy high and sell low. If you bought at 86, then you've held your shares for a whopping month.  It will trade between 78 and 88 until July 28th when earnings come out. Buy back tomorrow -you will be glad you did aug 1.

Reply to this Comment

Wednesday, 11 June 2008 - 8:06 PM CDT

Name: "Robert Freedland"
Home Page: https://bobsadviceforstocks.tripod.com/bobsadviceforstoc

Greg,

Thanks for the comment.  It was indeed a case of bad timing.  But while I would like to time things better, it is one of my highest priorities to limit my losses.  Regardless of the stock, how long I have held it, my belief in its prospects, its technical chart or whatever.  

That is just something I will do.  I do share your belief that VISA is a great stock and a great company and down the road I believe it will indeed trade higher.  Good-luck to you and thanks for commenting!

Bob 

Reply to this Comment

Thursday, 12 June 2008 - 9:58 AM CDT

Name: "Steve"

You held it for a whole week? Wow, what balls (I say this tongue-in-cheek)! You're the type of person that buys high and sells low and then cries to his mommy about how horrible the market is being to him!

In case you haven't noticed, THE WHOLE MARKET IS GETTING BEATEN UP!!! Visa is not being singled out. Visa is a world leader in transaction processing for plastic money and has no exposure to the credit crisis or any of that crap. They are simply a tollbooth for purchases made with a piece of plastic bearing their logo. they collect a transaction fee from the bank issuing the card! They do not extend credit. They are a long term buy-to-hold scenario that will make it's investors very wealthy. They will be reporting exceptional earnings quater-after-quarter! Why? Because nearly everyone in the world (except 3rd world countries maybe) has either a Visa credit card or Visa debit card, and they use it! More and more, people are pulling out the plastic to pay for items. It's convenient, and quick. Watch out for a blockbuster earnings report for the quarter filed just after the Olympics!

Sure, Visa will take it's beatings, like every stock out there. But, smart people stick and hold it. Look at MAstercard trading at 300 level, and it's not anywhere near as big as Visa. They don't even have nearly the quantity and quality of products Visa offers! No body does!

So, to buy 70 whole shares, hold it for a week and sell is absolute stupidity! I would be embarrased to write an article for the whole world to see that touts that! You're an embarrasment to investors with a brain and a little common sense.

Hey, why don't you go buy 1 or 2 shares of Ebay? It's at a rockbottom price now! Becareful, it may fall .10 cents and then you'll sell and go crying to your mommy again!

Reply to this Comment

Thursday, 12 June 2008 - 10:56 AM CDT

Name: "YouveGotToBeKidding"

How can anyone so stupid like yourself give valid stock advice? I thing the best advice you could give investors is to do opposite what you do and they'll retire wealthy in no time!

 

What a moron!

Reply to this Comment

Friday, 13 June 2008 - 9:02 PM CDT

Name: "Robert Freedland"
Home Page: https://bobsadviceforstocks.tripod.com/bobsadviceforstoc

Friends,

Thank you all for your comments.  Successful investing requires discipline.  I have chosen my trading rules and shall be sticking by them.  I believe that my timing on Visa was at the best poor but my discipline was constant.  

You all can choose to determine your own entry and exit points in the investments you choose.  Time will tell whether my strategy will be successful or even profitable.

Meanwhile, I shall stand pat and continue to work at improving my results.

Regards.

 

Bob 

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