Should I have bought V at the market close on its IPO?  The stock closed at $56.50.  I thought it's going to go down further but it closed Thursday at $64.  Should I wait for a dip or  will I miss the bus if I don't get in now?

I'm waiting, I think it will come down...

Agreed, I also believe that it will come down.

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Aqua

You missed the first bus... don't miss the second.

$64 is still cheap for this stock!

Whatever goes up must come down eventually.   Most successful investors do not chase after the stock.  Even if we miss the bus on this one, what is the big deal?   Since there are plenty of good food (stocks) out there,  why chase after this juicy bait on the hook? 

There may be small dips, but to suggest that all stocks that go up fall down an equal amount is absolutely ridiculous

Wizdom:

You missed the first bus... don't miss the second.

$64 is still cheap for this stock!

By what metric? $64.35 x 406 million shares is a market cap of $26.1 billion. With earnings of $1.6 billion, the stock is trading at an expensive 16.3 times earnings and 14.3 times forward earnings. MA is trading at 24 times earnings with a 1.6 PEG. It's thus growing at a 15% growth rate. Lets say Visa goes to 20 times earnings, that would give it a market cap of $32 billion or $69.57 per shsare  Visa's likely growing at a 13 or 14% rate, thus it's got a PEG of between 1.16 and 1.25. To me, that's not the cheap stock that people are touting about.

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Aqua

aquaswim47:

Wizdom:

You missed the first bus... don't miss the second.

$64 is still cheap for this stock!

By what metric? $64.35 x 406 million shares is a market cap of $26.1 billion. With earnings of $1.6 billion, the stock is trading at an expensive 16.3 times earnings and 14.3 times forward earnings. MA is trading at 24 times earnings with a 1.6 PEG. It's thus growing at a 15% growth rate. Lets say Visa goes to 20 times earnings, that would give it a market cap of $32 billion or $69.57 per shsare  Visa's likely growing at a 13 or 14% rate, thus it's got a PEG of between 1.16 and 1.25. To me, that's not the cheap stock that people are touting about.

I swear thats what was said about MA, GOOG , etc ,,,,,,,,, I bought a few on ipo day. V= Victory

The market is going up like crazy today, but V is going down.  Isn't that interesting?   

You got traders and you got investors.

My thoughts

The traders are taking their gains from visa and putting them in other traders. Thats why the dip. It is just a dip caused by traders taking their profits. V will go back up as investors start buying V on this dip and when the traders decide to jump back onto V because they know they will be able to turn right back around and sell it for a quick profit.  

I just jumped into this bad boy, I plan on buying on the dips and am taking this one really long, goodluck all and hope you had great gains today, was a tad disappointed in the SIRI and XM merger with no great pop, but we shall see further what happens with that.

Take care

Dave

Sometimes I like to use cost averaging.  When you decide what the fair price is you can jump in a little at a time, sometimes above the fair price and sometimes below it.