This is a FullyInformed Members Trade Alert. VISA Stock (V) fell after hours on earnings disappointment. This could be a very good opportunity to fatten up profits. I jumped in this morning and did one trade and I am looking to do more. I also have a long-term core position of VISA Stock in my Retirement Account which I bought in 2007, sold in 2008 and bought more in the bear market collapse in late 2008. The goal for those shares is to sell them for $300 which I believe VISA Stock will one day reach. Until then I am using the Hide and Seek Covered Call Strategy to sell calls. My cost to date on the VISA Stock shares in my retirement account is zero thanks to the Hide and Seek Strategy.
VISA Stock Trade Details
The question now is whether this means the uptrend in VISA stock is over. Indeed looking at the chart I wonder if the uptrend ended in August. My trade alert details studies the chart, pinpoints support levels and presents the strategy I will be employing as we head into the winter months. I think there is a lot of profit potential coming in VISA Stock and Option trades.
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