OT: Visa going public
I'm big fan of investing...even in todays market.
Thoughts?
Visa ipo will be very big....and will do very well based on what mastercard did. The problem will be getting in on it for a decent price.
Take this example.....if it ipo's at 50....
First trade will put it around 75 when it first comes out (when the average joe can buy it)
So, big wigs will aready have a possible 25 dollar gain on it. I assume if its anything like the others, will go up and down quite a big in the first day or 2, then drop, and slowly gain over the year.
Good quick sell if you get in in time, and good purchase once the first of the people sell for profit taking and the price drops.
but once again....just my 2 cents....todays market anything is possible
I'm big fan of investing...even in todays market.
Thoughts?
My day trading pals, say wait atleast a month, for stabilization. If you don't, the ups and downs could kill you, IMHO.
A side note, they all like the company, but right now there is ALOT of risk.
Good luck my friend.
See yeah
From the article
"Large IPOs -- and this will be the biggest ever in the U.S. -- typically don't rocket higher the moment they start trading. So investors won't need an exclusive brokerage account to get a deal on shares ahead of time, as with most IPOs. They can buy after it begins trading. "
I think visa is trying get in at the right time before the tsunami hits
The banks are the one that are carrying the credit risks.
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