Not too bad in my opinion. It seems to have found a new base around 64. Options interest is high around 65 over the next few months. Institutions and earnings are due to get involved and report in a few weeks and Visa will be exiting its quiet period here soon and start talking about what it is doing. It’s still a good time to buy before news causes some momentum. No it’s not another Mastercard for all the reasons you can find on a gazillion financial blogs and discussion groups but there is nothing stopping it from being or beating Mastercard performance. It will all depend on investor interest and more importantly, again, how Visa positions itself for growth and alternative revenue streams as no-contact technology becomes more ubiquitous and of course, how it penetrates the Chinese and other markets…
Visa has been very consistent with finding its floors and ceilings and the last few days seem to have driven the floor to 64… A good sign that getting in now is fairly safe against a wide-gap drop in place…
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