We note that selling volume in the general market is not heavy at all, and is significantly lower at this time of the day than it was on Friday. While V is exhibiting some weakness, selling volume has declined, and we would keep a close eye on the general market here as a leading indicator for how to handle any short in V. If the general market doesn't break down, then on V we don't play! We just want to make sure that is understood, and since we don't see any heavy selling volume coming into this market, the opportunity for even a tactical short is not as optimal as we would prefer. This can, however, change quickly, so we would simply keep an eye on V as a short-selling idea IF the market corrects, but so far the market is not looking like it wants to.
SSS - Follow-Up on Visa, Inc. (V) on 11/08/10
|Published:||8 Nov 2010 16:47 ET|
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