Visa getting roughed up today? | TigerDroppings.com

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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
509 posts

Visa getting roughed up today?



I searched but couldn't find any bad news. What's goin on today? Considering picking up a few shares






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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
961 posts

re: Visa getting roughed up today?


Dunno. It was up early in sympathy to good report from Mastercard (MA). Now they are both in the tank. Sell on the good news. Good projections too. Go figure.





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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: Visa getting roughed up today?




Good thing I only have 10 shares. I'm in at 190.






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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4940 posts

re: Visa getting roughed up today?


It is due to a fricking bat shite insane ruling by a judge regarding swipe fees.

Retailers have been lobbying hard for years for the fed to limit the cost that they pay to banks and payment processors for debit card swipes. Previously there was no limit and the price was set based on the market (what a novel concept!)

The fed created a limit at .21 cents which was roughly half of what was charged before. This of course caused the end of free checking accounts and no noticeable decrease in prices by the retailers so like is typical with federal regulation the cost was simply passed on to the consumer.

The judge today tossed out the rule saying it didn't go low enough... fricking absurd.



This post was edited on 7/31 at 11:38 am


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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
961 posts

re: Visa getting roughed up today?


Uh Oh, Bitcoin taking over.

















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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
961 posts

re: Visa getting roughed up today?


quote:

jso0003

Thanks. It wasn't making sense. Knowledge is the key. Again.



This post was edited on 7/31 at 11:40 am


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Beerinthepocket
LSU Fan
Dallas
Member since May 2011
597 posts

re: Visa getting roughed up today?


Tried to get in when it was down 10% but didn't have the cash sitting there, liquidated a holding and got it at 176.90. Been eyeing it for a while.





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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4940 posts

re: Visa getting roughed up today?


No problem, sorry my post probably wasn't the most eloquent explanation ha but I'm pissed off and typing from my phone.





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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: Visa getting roughed up today?


Even with that, lots of room to grow. Still, sucks.





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ell_13
USA Fan
Alex Box
Member since Apr 2013
26377 posts
 Online 

re: Visa getting roughed up today?


Is the ruling final? I can't see how. But I think it's down mostly because of the "possibility" of the ruling going through. If it goes to appeals, then you'll see a pop, and a big one if the ruling gets overturned.





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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41967 posts

re: Visa getting roughed up today?


quote:

Previously there was no limit and the price was set based on the market


Not really market based when 4 companies set whatever fee they want... I don't agree with the ruling but it is not as clear cut as you make it out to be and is wayyy above my paygrade






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ell_13
USA Fan
Alex Box
Member since Apr 2013
26377 posts
 Online 

re: Visa getting roughed up today?


quote:

Not really market based when 4 companies set whatever fee they want


Kinda like cell phones, tv/internet service, computer OS, etc. amiright?



This post was edited on 7/31 at 12:01 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84318 posts
 Online 

re: Visa getting roughed up today?


quote:

Is the ruling final?
On CNBC they said the court stayed the fees and ordered the Fed to re-visit the fees for a second opinion....from the Fed.

The Fed can appeal if it wants to do so.






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kennypowers816
LSU Fan
Houston
Member since Jan 2010
1964 posts

re: Visa getting roughed up today?


Been really busy this morning and didn't see this until now. Should have set an alert for V because I've been thinking about buying lately and was waiting for something like this.

Just got in at $184.99. Obviously no where near the low this morning, but whatever, I'm in it for the long haul.

ETA: and it went back down



This post was edited on 7/31 at 1:01 pm


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nelatf
Louisiana Tech Fan
NELA
Member since Jan 2011
1350 posts

re: Visa getting roughed up today?


Crap, I missedd the intraday lows by a long shot. Still getting some more though.





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Visa getting roughed up today?


Im getting roughed up on some shares I bought this morning at $183, this is utterly ridiculous, last week visa smashed earnings by a mile and it shot up to $195 and today it hit $170??? What a joke, this judge





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donRANDOMnumbers
New Orleans Pelicans Fan
Lafayette Rouge
Member since Nov 2006
12580 posts
 Online 

re: Visa getting roughed up today?


Perfect time to hop in





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Visa getting roughed up today?


it really is a great time, their earnings release last week showed the massive growth the company is experiencing, of course as usual big brother sticks his nose where it shouldn't be and messes everything up





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Toula
Kentucky Fan
504
Member since Dec 2006
28430 posts
 Online 

re: Visa getting roughed up today?


Got in at $181.60 for 20 shares.

I've been waiting for the right time to get in on Visa..pissed i didnt set the alarm and get in on the 170s






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STB
LSU Fan
Little Rock, AR
Member since Oct 2012
364 posts

re: Visa getting roughed up today?


Being I'm a little newer to investing and still quite young, Visa has been outside of my price range. However, after seeing yet another great earnings period and no reason for such a huge hit tonight, I purchased my first 10 shares at $180.03. Will be holding on to this until I retire so I'm not sweating too much over such a large purchase so early.





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