Catch The Knife

Visa is down for a second day in a row and I am attempting to catch the knife.

3 comments:

Anonymous said...

What is your reasoning? They are going to lose big if that Fed proposal to limit debit card fees goes through. And the public mood is against these fees, if I am correct, so I don't see Congress overriding the Fed.

Tsachy Mishal said...

Its a pure trade. And I believe that represents a worst case scenario. Even so I would not be surprised to see a buy the news reaction.

Anonymous said...

Wow that was a fast move up after 10:30. I hope you got a piece of that!