The play on Visa is MA
The other day my girlfriend’s boss suggested I get into VISA. (Talk about an obvious play… I know, but he is not a stock guy so I let it slide 
.) Well, that is the mob psychology play, which means I will not do it. VISA is horribly over suscribed, and will be grossly overvalued when little fish like me can play it.
The play on VISA is MA. Let me explain… MA is going through a multiple contraction at the moment because Visa will be out soon. (More places where money men can put their dollars to work regarding a specific sector causes this, especially when the new comer is the leader in the field. IMO, the selling going on here is by Big Boys prepareing to get into VISA.) But MA is no second tier player. It is growing, knows how to grow and play in this world of virtual duopoly of plastic money.
This multiple compression is exactly what a long-term investor wants to see. It provides an entry. At the moment, here are the entry levels I am currently looking to see…
The daily is suggesting a retest of the 175-180 level of support.
The daily supports are backed up by the weekly SMAs as well, which is reassuring.
So, if VISA is interesting, then play MA… just have to wait for the right time.
