tag:blogger.com,1999:blog-2335748440449035592.post7671376628820039850..comments2008-08-15T14:55:21.840-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-3625346659694004612008-08-15T14:55:00.000-04:002008-08-15T14:55:00.000-04:00Technicals look good. I like the chart. If it falls below 200 EMA I'd cut it.Bluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-67396615506426568722008-08-15T13:55:00.000-04:002008-08-15T13:55:00.000-04:00Zach, I can see your side too, trust me. Since we're in a fundamental free zone the minute it drops below $220 I'll be cutting back, and I'd join you on the dark side (if I could)<BR/><BR/>The major risk I see in the US is credit card companies are now reducing limits for people. Big time. So that is the huge risk to me - but I like the global story still. This is just a trade for now, hoping to let some go in $260s - trying to squeeze out minor gains here or there. <BR/><BR/>I do still think more Americans will be using cards for basic everyday needs as they are crunched by inflation - err, by inflation that will disappear in a few months per CNBC pundits. So more and more of "spending" goes to credit (AND DEBIT). Now the question is we have 2 forces moving in completely opposite directions - restriction of credit on one side and desperate Americans needing to forestall day of destiny on the other. Which is the greater force is an open question<BR/><BR/>But those are all fundamentals and I leave those to old fogeys for now ;) When the chart says sell, I sell. That's the only way to survive for now.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-51876548702548117262008-08-15T11:59:00.000-04:002008-08-15T11:59:00.000-04:00We seem to "agree to disagree" on this name. I'm worried that growth stocks will command much less of a multiple in coming months and at the same time growth prospects may decline.<BR/><BR/>Consumers continue to use plastic increasingly, but I contend that card issuances will continue to under perform as average credit scores drop to a place where no new credit can be issued.<BR/><BR/>I understand that MA has no credit risk, but they still face transactions not growing as fast if consumers lose access to that credit.<BR/><BR/>I would say "good luck with the position" but honestly I hope all your other positions turn out great and this one has more trouble :-)<BR/><BR/><A HREF="http://zachstocks.com" REL="nofollow">Zach</A><BR/><BR/>Full Disclosure: I am short MAZachhttp://www.blogger.com/profile/11476781095387243567noreply@blogger.com