[ May 29, 2006, 15:43: Message edited by: Bob Frey ]
Posted by Dustoff101 on :
Arrggg, 'could that be the Great White Whale to Starboard!!!! 'Me looking glass might be a bit foggy! or is it really The Great White Whale!!!!
Posted by Dustoff101 on :
How about it Whale? this is swimming in yer kinda Sea!
Posted by Purl Gurl on :
Oh shut up! Tell your girl it is ok to tell her dad to shut up and she should tell you to shut up.
I am looking at this. Patience, boy!
Purl Gurl
Posted by Purl Gurl on :
You will not like what I have to write.
I do not participate in IPO offerings. Only one, in all my years, have I wished to have bought; Google.
Estimates are 40.0 to 45.0 opening. I suspect prices will drop slightly, first day, maybe recover a bit, then remain relatively flat.
Many IPO offerings simply fall in prices from the git go, and continue falling.
Most IPO offerings are not a good sign. These offerings are made to raise capital cash. This is a hint a company needs cash and is having a hard time raising cash.
******* Card, I dunno. I would ask what do they have which is better than the other million-zillion credit card companies? No unique product here. Credit cards are not popular but a must have in today's world.
Dustoff, my opinion is there is not enough "stuff" there to cause this to be a wildly profitable IPO as is Google.
Drop a grain of salt on your tongue because I do not participate in IPO offerings and truly know very little about this arena.
Purl Gurl
Posted by Dustoff101 on :
She is signing up for more advanced Diving Lessons today...Shes back in Kona..I paid, so she'll be nice to me for awhile! So there! Eat yer heart out whale...She' is in the water today, while the rest of us are a flopping around like a bunch a Land Lubbers!
They are making a night dive at Keauhou to see the Giant Manta Rays tonight as well.
Posted by Purl Gurl on :
Wish I could send off our daughter. She makes me behave, makes me follow rules, makes me clean up after myself, makes me wear clothes....
Do not allow me to poo-poo your IPO offering. Truly, I am not qualified to comment on this deal. Bast ard Card is very solid, certainly. Probably the oldest credit card company going. I simply do not know enough about IPO offerings and such to add any worthwhile comments.
Might be very profitable, might not! There is safety in this company is well established, solid and probably profitable. I would think potential for loss is minimal.
Purl Gurl
Posted by Dustoff101 on :
I was thinking 10-12% for a daytrade.....Quess we will live and learn on this one...
All my toys work on this kind of a trade, Quote Scope etc...Liquidiity will be in Micro-seconds.
Can be fun...
Posted by Dustoff101 on :
Also, this market is shuddering me Timbers a bit...I am not comfortable again, being long in anything...'cept maybe a little " Clay" hehe
I am going to buy a little of that dirt stuff, just cause I am bored and have some money burning a hole me britches!
Besides, that old miner, knows his chit...
Posted by Peaser01 on :
Been watchin' for this one as well.
Nice time to stay liquid for sure.
Posted by Dustoff101 on :
Scuttlebutt is an IPO PPS $43.00
Looking for a 1-2 day trade with a profit of 12-16% no sweat.
Posted by JHenry on :
Interesting reading on IPO:
MasterCard is expected to price at around 11 times annualized earnings, which is low, so there could be a jump in the IPO after-market. "It has a lot of 'hair on it,'" said Francis Gaskins, president of independent research firm IPO Desktop, in a note.
"Longer-term investors are buying into the structural growth of its markets, especially overseas," said Gaskins.
The company posted a $126.7 million profit for the quarter ending March 31, nearly 36 percent higher than the year-earlier period, according a filing with the U.S. Securities and Exchange Commission. MasterCard also said it had sales of $738.5 million during the quarter, up nearly 12 percent from a year ago.
MasterCard and the banks that issue its cards are facing law suits accusing them of conspiring to set fees which merchants pay to banks at an artificially high level.
If MasterCard is found liable in any litigation, it could force the company to alter its pricing structure or business practices, both of which could hamper its profitability, the company warns in the prospectus.
The company also said it expects to post a significant second quarter and full-year loss because it's donating about 10 percent of the stock from the share sale and $40 million in cash to a charitable foundation in Canada.
The organization is being set up to support educational programs that prepare kids for life in the global economy and develop entrepreneurship in disadvantaged areas.
MasterCard customers could also be facing higher lending fees after ratings agency Standard & Poors said it plans to lower the company's debt rating following the IPO.
Then there is the issue of trailing its larger rival, San Francisco-based Visa, which remains a non-public association of member financial institutions.
"It's in a space when not being a leader certainly counts against you," said Tom Taulli, an independent analyst and author of "Investing in IPOs," of Newport Coast, California.
"Visa is the king of the hill in this area and it's hard for a company like MasterCard to become the dominant player...I would be surprised if it had a big jump on the first day."
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq and all other quotes delayed by at least 15 minutes. Reuters does not endorse the views or opinions given by any third party content provider.
Printer Friendly | Email Article Business News ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ------------------------------------------------ ------------------------------------------------- This one reason the Gap will form between the IPO price and the after market.....
Just what we need to hold things together while we get in.....
Once the frenzy begins Ka-Boom! LOL Hey! A pump like a Pink!
I figger my $7500.00 bet is a reasonable risk.. Just might hold out for the upper end of my profit target of 1-2 days 12-16%
You can count on some wild action! All our trading tools [ Toys ] will be working the way they are supposed to, FAST!!!! Liquidity will snap your head back like a 426 Hemi!
I might add $10,000.00 from savings, but I have plenty of time to make that decision...
Playing it FAST! not a hold for me. At 14% thats $2450.00 profit, thats more than enough for a days work for me.
[ May 20, 2006, 14:22: Message edited by: Dustoff101 ]
Posted by cocaine on :
PURL GURLS ALWAYS MAKES SENSE LOL
Posted by Dustoff101 on :
Stumped here...````````````~~~~~~
Why would anybody take a handle like cocaine?
Are you an advocate of this vicious scoorge on our society? I highly recomend you request a change from the Mods.
Why anyone would voluntarily advocate "Crack" is suspicious at best.
Posted by cocaine on :
ahaha relax buddy its juts a username besides look at your name "dustoff" who knows what that means
Posted by Dustoff101 on :
quote:Originally posted by cocaine: ahaha relax buddy its juts a username besides look at your name "dustoff" who knows what that means
------------------------------------------------- Wow, you don't know what Dustoff crews are... Are you a sheltered child?
Username, you got that right...Do you use or sell cocaine? Do you know what the crack epidemic is?
You are obviously out of touch with the World..
By assiocating " cocaine " and stock trading sends a terrible message to young people, did you even think about that?
Posted by cocaine on :
AHAHAHAHH I dont sell or do any drugs but i bet you if cocaine was a stock symbol you would sniff it you cokehead
Posted by Dustoff101 on :
quote:Originally posted by cocaine: AHAHAHAHH I dont sell or do any drugs but i bet you if cocaine was a stock symbol you would sniff it you cokehead
------------------------------------------------ Hey Alex, your days are probably going to be limited to hours here on Allstocks...Scat little fella your stinking up the place.
Posted by cocaine on :
alex???
Posted by Dustoff101 on :
Back to buisness....Anybody have a take on the Wall Street Journal article Monkey mentioned..
I have to drive about 30 miles round trip to get to anywhere that might even carry the Journal. lol
Posted by Dustoff101 on :
Might have to revise my profit margin to 9-11%
Posted by Dustoff101 on :
This nonsense about a $10.00 IPO is rubish..
$80.00 in a short period of time is also rubish. I have not seen one legitimate analyist claim that.
Posted by Dustoff101 on :
Well here we are! And I can't remember the symbol! LOL
Posted by stockaholic on :
MA Posted by Dustoff101 on :
Thanks, no coffee yet..
Posted by Dustoff101 on :
Well, sense I'm so brain impaired this AM, I'll go for another one...Can this be shorted tomorrow as long as it's on an uptrend..Just can't seem to remember diddly squat this morning..
Posted by Repoman75 on :
Dustoff, usually IPOs cannot be shorted for 30 days.
Posted by Dustoff101 on :
Looks like $39.00 on the open.
Posted by Dustoff101 on :
Thats what I thought, but didn't they break the rule on BIDU?
Posted by Repoman75 on :
Here's the rule.. you can technically, but most brokerages label the stock NS - nonshortable.
To be able to short a stock, you usually need to borrow it from an institution such as your brokerage firm. For them to lend it to you, they need an inventory of this stock. Here's where the difficulty can arise with IPOs and short selling: an IPO usually has a small amount of shares upon initial trading, which limits the amount of shares that can be borrowed for shorting purposes. On the day of the IPO, two main parties hold inventory of the stock: the underwriters and institutional and retail investors. As determined by the Securities and Exchange Commission, which is in charge of IPO regulation in the U.S., the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days. On the other hand, institutional and retail investors can lend out their shares to investors who want to short them.
However, only a limited amount of shares would probably be available on the market as the company would've just started trading publicly and the shares may not have been completely transferred. Furthermore, there might be a lack of willingness among investors to lend their shares out to be short sold.
Posted by Dustoff101 on :
Thanks, you going to play it? If I do? 1-2 days max holding it.
Posted by Peaser01 on :
You pumpin' this thing again D, geez. Posted by Stockstar69 on :
I don't know about shorting this one. It's a huge company and not a Telecom POS like Vonage.
I wouldn't be surprised to see it go up $10.00 OR go down $10.00.
Since this IPO has been so highly anticipated and I don't think the market overall will be falling much more my bet is UP UP UP.
Another Google anyone?
Posted by MoMoMoney on :
what is the symbol?
Posted by Repoman75 on :
No way, not another google.. i'm not playing it though.
Posted by Dustoff101 on :
quote:Originally posted by Peaser01: You pumpin' this thing again D, geez.
------------------------------------------------- Ya, Discover card is paying me $millions to pump it short! LOL
Posted by Peaser01 on :
lol, My guess is the first trade will be at $40.
Posted by TheCreator on :
when is this thing opening for trade? certain time?
Posted by Bob Frey on :
Anytime now CEO makes first trade.
Posted by TheCreator on :
Thanks for the info... just waiting for alphatrade to light up with the trades lol
Posted by Peaser01 on :
Any second now.
Posted by Dustoff101 on :
Typical, something stinks as usual..
Looks like they are letting the big boys adjust their bids..Result? we lose about 2-3% of the profit we could of had!
Hello SEC!
Posted by Peaser01 on :
We could really move huge if the market recovers strongly today. Now that would be the ultimate scenario.
Posted by Dustoff101 on :
They are deliberatly coming in at $39.00 Knowing full well it's undervalued..Bankers make a Killing! We get the scraps..I am really getting sick and tired of the corruption right in our face on Wall Street!
This is a deliberate stall to drive up the price for insiders! Enough of this sh!t already.
Posted by TheCreator on :
got 350 shares at 41.50
Posted by invester on :
Got in at $41.40. 500 shares
Posted by invester on :
Sorry, $40.40.
Posted by TheCreator on :
predictions for close?! Posted by Dustoff101 on :
Told ya, the boys took the set-up deal on profit, 3-5% now they are out, now it's our turn.
That drop to $41.70 was probably no accident.
Posted by Peaser01 on :
Yup, waiting for a good price.
Posted by Dustoff101 on :
Well they did get a second bite in the trough.. They bounced it nicely off that $41.70..
little people playing now..Big trades really slowing down.
Posted by TheCreator on :
quote:Originally posted by Dustoff101: Well they did get a second bite in the trough.. Thet bounced it nicely off that $41.70..
little people playing now..Big trades really slowing down.
i just saw one go through for 30,400 shares, good lord
Posted by Peaser01 on :
Might not play this today.
Posted by TheCreator on :
we might see 50 today lol
Posted by Dustoff101 on :
quote:Originally posted by TheCreator: we might see 50 today lol
------------------------------------------------ LOL, Geezz, these guys played it, remember the $43.00 est IPO price, well how convient, .75 over 43. they droped the ipo price to fill the gap.
Posted by TheCreator on :
bout to break 44
Posted by Dustoff101 on :
Gotta say it's stair stepping nicely now..
Posted by TheCreator on :
quote:Originally posted by Dustoff101: Gotta say it's stair stepping nicely now..
yes sir.. looks good, gonna be an interesting day.
Posted by TheCreator on :
44's baby... no more 43s
Posted by TheCreator on :
they never listen to me lol
Posted by Peaser01 on :
In at 44.00. Boy do I feel dumb for not buying earlier. lol
Gonna be at 45 before no time at all.
Posted by TheCreator on :
quote:Originally posted by Peaser01: In at 44.00. Boy do I feel dumb. lol
you'll make some money, imo
Posted by Peaser01 on :
The best IPO in a while. I think it'll keep climbing.
Posted by madmoney on :
ticker symbol? anyone? why start a thread and not post the ticker?
Posted by Dustoff101 on :
Well, I would of hit my no-brainer 10%...But I let my temper get the best of me! LOL
I was so PO'D at the obvious manipulation I refused to give them my money..
They always win , one way or the other! LOL
Posted by madmoney on :
quote:Originally posted by madmoney: ticker symbol? anyone? why start a thread and not post the ticker?
ticker = MA - silly me! in the title of the thread!?! where else would it be!!
Posted by TheCreator on :
quote:Originally posted by madmoney: ticker symbol? anyone? why start a thread and not post the ticker?
MA is the symbol
Posted by TheCreator on :
I'm up 7.5% so far... over a grand, not bad... it's gonna keep going though
I don't plan on using one of my daytrades for this... we'll see how she goes, but right now I definately plan on holding over night.
quote:Originally posted by Dustoff101: Well, I would of hit my no-brainer 10%...But I let my temper get the best of me! LOL
I was so PO'D at the obvious manipulation I refused to give them my money..
They always win , one way or the other! LOL
Posted by Peaser01 on :
Hello MA!! Another BIDU maybe. GOOG, I highly, highly doubt.
Posted by TheCreator on :
Bout to see $45 Posted by invester on :
MORNINGSTAR PUT AN $80 TARGET ON THIS. $80. THAT WOULD BE 100% TO ME. Posted by Peaser01 on :
50 coming IMO easy today.
Posted by TheCreator on :
quote:Originally posted by Peaser01: Hello MA!! Another BIDU maybe. GOOG, I highly, highly doubt.
I'll take either, could turn out like either, only time will tell.
Posted by TheCreator on :
quote:Originally posted by Peaser01: 50 coming IMO easy today.
I agree also, that is what my sell is currently at but i might move it up.
Posted by budha on :
I am out at $44.90, I have to go to the stupid dentist. At least I can pay for it now. Posted by Peaser01 on :
lol, I would say good trade cause you made money. However, I woulda left for the dentist and set a sell at $50. But that's just me.
Any trade where you make a profit is a great trade.
Posted by Peaser01 on :
MACD headed down.
Looking like a bounce at 43.80 possibly.
Posted by TheCreator on :
wow nice dip.
ok i'm leaving for a bit, bbl got some work to do.
Posted by Dustoff101 on :
Well, I'm going in, not happy, but I'll take a 6% daytrade.
Posted by Peaser01 on :
lol, I wasn't happy not buying on the open.
Posted by Dustoff101 on :
Peas, got my bid in at $43. for a hun....
Posted by Peaser01 on :
I'll be p.o.ed if you get filled there.
Needs to bounce here IMO.
Posted by Peaser01 on :
47 on this next run would be nice.
Hopin' that volume keeps climbin'.
Posted by Peaser01 on :
So much for 50 today. patooey!
Posted by Dustoff101 on :
I'm pulling my bid...
This whole mess will be torn into by the talking heads today, tomorrow and thru the week-end.
What ever it was the Bankers pulled this am is not going to go un-noticed.
Posted by Peaser01 on :
Trying to pull back up now.
Posted by Peaser01 on :
Action picking up a little now.
Posted by Peaser01 on :
Now, we just need to break 45. Fingers, toes, ankles, you name it. It's crossed. lol
Posted by TheCreator on :
I'm back, lets get this puppy moving. Agree need to break $45 be great to close above $45.
Gonna see lots of action of the new few days.
Posted by TheCreator on :
back over $44 lets rock.
Posted by Peaser01 on :
Yup. As long as the market holds up, we should see a nice close.
Posted by TheCreator on :
agree and a nice open tomorrow more than likely after people read about the successful IPO
Posted by Peaser01 on :
It needs to break 45 today.
Posted by TheCreator on :
i think it has a very good chance to do that.
Posted by Dustoff101 on :
Damn Peaser!!!!! It's your fault!! How did we miss that other little stock! AGAIN! LOL
I wasn't paying attention! 'Specialy after I told ya we should be concentrating..I am having one bad week! LOL
Posted by Dustoff101 on :
Peaser, are ya still in?
Posted by Peaser01 on :
Yup. I fell asleep. lol
I'm holding and going back to bad. Later all.
Posted by Dustoff101 on :
Well, at $45..Ya got a buck a share profit..There it is!
Posted by TheCreator on :
hope it holds 45 i'm holding overnight anyways, in * 41.50
Posted by TheCreator on :
closing in on $46!
Posted by Dustoff101 on :
Close picking up steam!
Posted by TheCreator on :
$46 looks like the close. NICE!
Posted by TheCreator on :
Who all thinks this one keeps climbing tomorrow? I do Posted by thebluedog on :
I'm in at $43. What a nice close! I think this will go much higher. I see no reason for this to go down anytime soon. I read a very positive article from Morningstar saying that $80 per share would be a reasonable valuation.
Posted by Dustoff101 on :
Question? Does Master Card recieve the service fee's from the Banks and not share in the interest money?
If they do share in interest money? But I do not think they do.....A World wide trend is begining that folks pay the full charge when they recieve their statement...So I quess MC is not affected by the trend, correct?
But what if the Banks demand a reduction in fee's if profits fall from less profits from interest...?
$80.00? Valuation will really have to pick up..
Posted by TheCreator on :
I don't know all the details of that...
What I do know is debit cards are becoming huge. Everyone uses them now instead of checks, for the most part. Mastercard gets transaction fees on these also.
It just so happens that my debit card, which I use multiple times a day is a Mastercard. I think their revenue will be heading up myself. People are getting away from checks/cash and moving to cards.
quote:Originally posted by Dustoff101: Question? Does Master Card recieve the service fee's from the Banks and not share in the interest money?
If they do share in interest money? But I do not think they do.....A World wide trend is begining that folks pay the full charge when they recieve their statement...So I quess MC is not affected by the trend, correct?
But what if the Banks demand a reduction in fee's if profits fall from less profits from interest...?
$80.00? Valuation will really have to pick up..
Posted by Dustoff101 on :
Creator, ya got that right.....I use my debit card even on vacation..But sign as a Credit card for Security measures..That way nobody can get your pin number.
Posted by TheCreator on :
quote:Originally posted by Dustoff101: Creator, ya got that right.....I use my debit card even on vacation..But sign as a Credit card for Security measures..That way nobody can get your pin number.
yeah I always use mine as credit also because i get 1/2 percent cash back on every purchase through my bank...
Posted by Peaser01 on :
Looking nice here early. $50 breakthough today IMO.
80.00, I think is reasonable in about 6 months or so. This is the largest IPO to come out in a while.
Posted by TheCreator on :
Agree, good day to come, my sell is currently set * $60. Short term play for me, don't like holding stocks forever
quote:Originally posted by Peaser01: Looking nice here early. $50 breakthough today IMO.
80.00, I think is reasonable in about 6 months or so. This is the largest IPO to come out in a while.
Posted by Doniboy on :
I watched Bulls and Bears with Brenda Buttner (on Fox tv) and all 6 of her panelists agreed that MA is massively undervalued right now and should be up around the $80 range before the end of the summer.
I usually only trade half my money and keep the other half in the money market, it allows me to beat the settled funds rule without needing a margin account. Now I am thinkng of throwing my "extra" half into this for a few months.
Posted by invester on :
quote:Originally posted by Doniboy: I watched Bulls and Bears with Brenda Buttner (on Fox tv) and all 6 of her panelists agreed that MA is massively undervalued right now and should be up around the $80 range before the end of the summer.
I usually only trade half my money and keep the other half in the money market, it allows me to beat the settled funds rule without needing a margin account. Now I am thinkng of throwing my "extra" half into this for a few months.
Saw that as well. Posted by Doniboy on :
Where ya been Invester?
Posted by Doniboy on :
This guy doesn't predict a massive increase but still advises that it is a good buy that could grow with the company.
quote:Originally posted by Doniboy: Where ya been Invester?
I've been around. I've just been working on several deals lately. Not to much time around the computer. Posted by Doniboy on :
Has anyone seen, heard, or read Jim Cramer's view of Mastercard yet?
Posted by Peaser01 on :
Hmm, doesn't look like the pre-market dip will stick around for long.
Posted by Doniboy on :
What dip?
Posted by Doniboy on :
Down about 2% today. I'm in.
Posted by Peaser01 on :
quote:Originally posted by Doniboy: What dip?
That one.
Nice dip to under 43 today and recovery to 44.
Posted by Doniboy on :
Yeah, this one is a long play. Selling at $80.
Posted by Peaser01 on :
I'm in long term as well. This sucker held up well with the bloodbath we saw yesterday in the market.
Posted by Peaser01 on :
Up we go. Man this thing skyrocketed from 44 to 45 today.
Posted by Dustoff101 on :
Just keep a cool head here....I still don't like the action by the Bankers at outset..Sumpin ain't quite right with the delay and the decrease in the IPO price...
Think I am just a grumpy ole Bear? Well maybe not...
Check out the scandal breaking out on the Vonage IPO...
Posted by Doniboy on :
I think that the Vonage problem affected the opening price for MA as well. MA didn't want to be considered another failed IPO so they decreased the starting price, saw a nice 18% gain and gave the investors the good feeling of a nice IPO that went green on day one.
Posted by Doniboy on :
Good day today...
Posted by Doniboy on :
Not for nothing, but Cramer, during the lightning round, just called for a "Buy, Buy, Buy" on Mastercard. He said its Cheap right now!!
Posted by Peaser01 on :
Giddy-up. Might we see $46 today?
Once this market correction IMO is over, MA could benefit greatly.
Posted by Doniboy on :
I agree Peaser, I just wish that I had more to put in this one. The keep saying that Mastercard is second to VISA in the market, which they are, but you know what? Visa is private, so Master card is the LARGEST PUBLIC CREDIT CARD COMPANY. This should be much hire I expect. They just cannot lose any big lawsuits and we'll be great here.
Posted by Peaser01 on :
I agree, the thing is that the lawsuits have been figured into the share price apparently from what they've said the past few weeks on CNBC. We'll see what happens. I'm in long-term regardless.
Cramer's pump gives us a 50/50 chance anyhow as his accuracy isn't the greatest IMO.
Posted by Peaser01 on :
46 coming, BKC doing nice as well today.
Posted by Peaser01 on :
47 not too far away now.
Posted by Doniboy on :
47.01, this is nice. People starting to recognize that this should be worth a hell of a lot more??
Posted by Doniboy on :
now a drop?? People are actually daytrading this thing??
Posted by Baxt06 on :
What do you guys think the overall economy condition is going to do to this stock?
Seems like we're headed for a bad situation. Adjustable rate mortgages are going to be putting a lot of people in way over their head when they need to refinance. Foreclosures already rising steadily. Throw in extremely high energy prices and you've got a lot of people maxing credit lines without the ability to pay them off.
Agree, great company, good long term...but wonder about the next 6 months or so.
Posted by Doniboy on :
I think that people will use credit no matter what. Besides, I do don't think that Mastercard gets stuck with the Bill if you do not pay, I think the merchant does. Correct me if you think I am wrong but Mastercard makes all its money on transaction fees, and does not pay the merchant until you pay your bill. If that is true than they have very little risk.
Posted by Baxt06 on :
No, mastercard pays the merchant less transaction fees. They definitely make a lot of money on transaction fees, but if people don't pay off their debt, Mastercard eats it.
Posted by Peaser01 on :
quote:Originally posted by Doniboy: I think that people will use credit no matter what. Besides, I do don't think that Mastercard gets stuck with the Bill if you do not pay, I think the merchant does. Correct me if you think I am wrong but Mastercard makes all its money on transaction fees, and does not pay the merchant until you pay your bill. If that is true than they have very little risk.
My thoughts exactly, the Banks that hold the accounts are the ones collecting the debts as they are the ones offering the credit, not MC. MC is simply the vehicle I believe.
The banks right-off bad debts annually.
Posted by Baxt06 on :
That's a good point. It's usually a bank that is making payments and collections.
Posted by Peaser01 on :
Credit Crad companies make cash on merchants when you make a credit card purchase I believe, also banks pay them in order to issue cards to their members.
Behind each credit card is a major creditor(bank).
Say you use your card to buy $2 in gas, well, most gas stations don't like this because they are actually losing money due to the cost they pay for taking payment by way of credit cards v. the amount they make on the gas sale.
Some gas stations, for example, won't accept payment by credit card unless you purchase a certain amount of gas.
Posted by Doniboy on :
Thats true Peaser. I think Mastercard is just the vehicle by which people pay and they take a fee. Not a bad idea, no risk.
Posted by Baxt06 on :
Well, there's never NO risk...
Posted by Doniboy on :
Thats true Baxt, definitely true. Especially if they lose the upcoming lawsuits against them, however, in the meantime we just hit a new HOD Posted by Peaser01 on :
If this market starts showing a definite upwards turn again, we should be off to the races IMO.
Posted by Peaser01 on :
Might just see 48+ today. Posted by Doniboy on :
New HOD. Gotta love it.
Posted by Peaser01 on :
Wow, 49 maybe by close? hmm.
Posted by Doniboy on :
A lot of people have to be watching this one now. It got Cramers "Buy, Buy, Buy" rating. It had a strong IPO day, only a small red day thereafter, and its the largest public credit card company in teh world.
Posted by Doniboy on :
little dip there...
Posted by Doniboy on :
Check this news out.
Cramer says about MasterCard:
"I would be willing to pay $90, if it continues growing," he said.
Cramer just mentioned he liked MA on Stop Trading on CNBC.
Posted by Doniboy on :
This will just take patience and we will all benefit.
Posted by Peaser01 on :
Futures looking good so far.
Another green day for us IMO. Might we see 49 today?
Posted by Peaser01 on :
Sounds like our chances of seeing the FED pause on raising rates in June is good due to the employment numbers out today.
Gettin' ready for a big day across the market today.
A push through 50 today is highly probable IMO.
Posted by Doniboy on :
Its gapping way up!!
Posted by Doniboy on :
Now its red. That was odd.
Posted by Peaser01 on :
Nice little red days are nothing to the nice gains we've been seeing on the green days.
Holding for $80+ here.
Posted by Doniboy on :
Hey, I'll take 2% gains every day. This still looks great.
Posted by Peaser01 on :
quote:Originally posted by Doniboy: Hey, I'll take 2% gains every day. This still looks great.
We might just break that pesky 49 today.
Posted by Doniboy on :
ASK IS AT $50.20. MasterCard RULES!!!!!!!!!!!
Posted by Doniboy on :
Wow...what a dip. Every time this stock starts strong it dips stronger. Thats ok though, next few days should be up 1-5% per day and then this baby is an $80 stock.
Posted by Doniboy on :
What is up with MasterCard the past two days. It rocketed up yesterday and then dumped, now its red again.
Posted by Peaser01 on :
That a big board stock for ya.
Posted by Doniboy on :
Well the news wasn't great yesterday so I figure that accounts for it. But all the analysts that I have been listening to all say that the lawsuits won't amount to anything. So I am still looking for this to hit $80 or $90.
Posted by Doniboy on :
Why is MAsterCard dumping right now???
Posted by Baxt06 on :
markets are dumping. big sell-offs in foreign markets.
Posted by Peaser01 on :
Might be a good pick up here around 46 before a turn around.
Posted by Dustoff101 on :
Time to go on vacation? Maybe let this market fully capitulate, then come back in on the otherside.
Liquidity drying up...Could become difficult to find buyers at a decent price.
Posted by Baxt06 on :
I agree. I don't see a overall market rebound coming anytime soon.
Posted by Doniboy on :
You guys think that this is response from that BS news yesterday about court cases? I do not think that anything will come of it, but maybe investors are getting scared.
Posted by Baxt06 on :
Think investors are scared in general. I think MA's drop has more to do with the market condition than anything company specific.
Posted by Doniboy on :
Made a nice bounce there. Back at $47.00, not bad.
Posted by Doniboy on :
What a finish!!!! Went green.... Go MasterCard!!!!
Posted by Peaser01 on :
quote:Originally posted by Baxt06: Think investors are scared in general. I think MA's drop has more to do with the market condition than anything company specific.
My thoughts as well. It all depends on what comes out of Bernanke's mouth in the next FED meeting IMO. I'm looking for a pause in rates going higher; however, many others think that a raise is coming and have pulled their cash out of the market.
We recovered strong yesterday, just as the markets evened out.
Posted by Doniboy on :
This stock has been having a very predictable morning for the past few trading days. Gap up about a buck or two and then go red. Nice flipping stock really. I haven't done it myself, but I may start.
Posted by Doniboy on :
Now the stock is on a downtrend. Is it because Chris Thom retired? Because that's the only news I see. Unless its just general market problems.
Posted by Doniboy on :
This is not doing too well today. Hopefully a bounce back is upcoming.
Posted by Dustoff101 on :
Doniboy, hard to get a handle on any stock at the present time...This has got to be one of the worst markets I have ever seen.
Interest rates are more key than thought regarding this stock...Lack of liquidity makes for a difficult sell at the price a person wants.
Posted by subbywrx on :
Maybe it's because someone didn't pay their bill this month? heheh
...but I will sit on the side line for a little while to see what happens with this one just out of curiousity though. Dunno if I'd buy into it.
Posted by Doniboy on :
I tried my first pre-market sale. Hoping to flip this thing, but it didn't go through. Now it's gapping down....figures.
Posted by Doniboy on :
Down again
Posted by ruskin_muskin on :
why is every tom n dick talking about litigations of MA.. merck has far tooo many litigations and pays millions every year on litigations, and yet its sock doesnt fall. when i bought MA at 42.6 (i got out at 50 though and waiting to get back in after market consolidates).. i knew MA was like google. google was the only search engine used by billions around the world, MA is something similar, and everything i buy, it gets 2% everytime i use my CC. i am sure after the whole shakeup, this truth shall be realised by everyone.. end of july price=$60
Posted by Doniboy on :
I agree rushkin, but I think that the end of the summer see's $80...
Posted by nbusiness1905 on :
Mastercard is looking pretty crappy to me... not really approaching any highs. IMO this stock sucks.
Posted by Doniboy on :
Thanks for that analytical response nbusiness, you gave us all a lot to think about....
quote:Originally posted by nbusiness1905: Mastercard is looking pretty crappy to me... not really approaching any highs. IMO this stock sucks.
Posted by Doniboy on :
OK, all of you that are in this stock know that we have had a tough few weeks. I personally am holding strong in the belief that this will be a $80-$90 stock in a few months. Well here is what Cramer said last night:
MasterCard, on the other hand had a great opening, with a price that started at $39 and closed at $46. After, the stock flat-lined, but his was due to bad market conditions, Cramer said.
"I would stay away from Vonage, but I think you should buy MasterCard," he said, giving the credit card company two thumbs up.
Although there are merchants suing MasterCard and trying to undue its IPO, Cramer believes this is not a serious threat and pointed out that the company is still doing well. It is a strong business that is coming out with new products and variations on old products.
MasterCard also made a smart move by sponsoring the World Cup. This move will increase European penetration, as soccer is the sport of choice for every country but the U.S. and India. He said it is not too late to get into MasterCard and recommended buying the company's stock.
Sounds good to me...Good Luck to all.
Don
Posted by Doniboy on :
I know that for Bluechip stocks, news is not always a big deal. Well today's mastercard news is!!!!!!!!!!!!!!!!
MasterCard draws overweight rating at Morgan Stanley
Print | | Disable live quotes By Steve Gelsi Last Update: 7:53 AM ET Jun 22, 2006
NEW YORK (MarketWatch) -- Morgan Stanley on Thursday initiated coverage of MasterCard (MA : mastercard inc com News , chart, profile, more Last: 0.000.000.00%
4:15am 06/22/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: MA0.00, 0.00, 0.0%) with an overweight rating and a price target of $56 a share. The broker said litigation and other risks associated with the stock may be less severe than the market expects. MasterCard's exposuure to legal fights over interchange fees and other issues may be $1.6 billion, compared to published estmates of $6 billion. "Our lower estimate stems from our view that the major banks, as co-defendants, will push to settle, rather than risk a trial; that the major economic impact of settlement will be a modest reduction in interchange fees, which MasterCard does not retain, rather than massive cash penalties," Morgan Stanley said in a note to clients.
Posted by Doniboy on :
$56 a share!!!!!!!!!!!
WOHOOOOOOOOO
Posted by Peaser01 on :
SWEEET! Fat Finger? lol
[ June 22, 2006, 09:37: Message edited by: Peaser01 ]
Posted by Doniboy on :
No, I'm saying that it will be $56 a share at least very soon.
quote:Originally posted by Peaser01: SWEEET! Fat Finger? lol
Posted by The Green Demon on :
agreed
Posted by Doniboy on :
up 3% is nice on a big board stock. Plus it was up about 2% yesterday. I like Mastercard's chances of going to the $60-$90 range in the next couple of months. This is the stock that I keep throwing my sub-penny profits into (when I actually have profits that is)...
Posted by Doniboy on :
up 2.5% so far. Very nice. Moving steadily toward $56...
Posted by Peaser01 on :
Just give it a little time.
Posted by Doniboy on :
are we gapping down here?
Posted by Dustoff101 on :
People may be reacting to new ad campain, total waste of time and money..Laughable..
Posted by Peaser on :
Nice entry here IMO under $44.00.
Posted by Peaser on :
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