As anticipated yesterday
Mastercard (MA) is selling off on some not so hot revenue guidance - I wrote yesterday that now that
Visa (V) let the cat out of the bag it would be hard for Mastercard to top anything they said, especially considering credit is weaker, and debit is stronger - and Visa is stronger in debit. I will break out the Mastercard report in detail later but I just bought back the shares I sold yesterday around $183, back at $165s. this brings the position back up to about a 1.5% stake; I had cut it down to about 0.2% going into the earnings report. All I've essentially done is replaced my stake at 10% savingsl; certainly there could be downside from here but I locked in my profit and now am back to square one (cost basis was $162s)
A few days ago I restarted
Excel Maritime Carriers (EXM) around $6.80 and said in between $6.00 and $7.75 I'd trade it. It's jumped 10% already (under 48 hours) - to the $7.50 area so I cut almost my entire position. I'm a buyer north of $7.75 on strong volume or back on a dip... it appears it is reacting in tow with
DryShips (DRYS) earnings report because the student body is running left.
Long Excel Maritime Carriers, Mastercard in fund; no personal position
A few days ago I restarted Excel Maritime Carriers (EXM) around $6.80 and said in between $6.00 and $7.75 I'd trade it. It's jumped 10% already (under 48 hours) - to the $7.50 area so I cut almost my entire position. I'm a buyer north of $7.75 on strong volume or back on a dip... it appears it is reacting in tow with DryShips (DRYS) earnings report because the student body is running left.
Long Excel Maritime Carriers, Mastercard in fund; no personal position
