I'm closely watching MA here - watching and waiting to enter puts at least a week out...
A p/e of 40 for a stock that sees 12 - 15% growth, and has exposure to ugly credit card debt.
I see a toppy formation over the past 6 months, when viewing the long term chart (5 year)... It has almost become a "rolling stock", fluctuating between 265 - 280. 175 was the Christmas bottom area...
Does anyone else have "closely watched" stocks that they occasionally play?
V obviously follows the same playbook as MA and I could see both of these breaking down hard when the "debt problems" come.
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