Visa Inc (V)

[sonetirot]

IMO : Chart and pattern work during normal event but you could ignore it once major news that could over power it. I believe $6 billions suit was a major event (even somebody said no). I sold off which Visa was once the biggest holding on my family accounts (Roth IRA'S and Rollover 401K). It does not cost me much except $5 commission each trade (no tax on huge gain). Lucky I did. It was down the hill since I sold. I will definitely come back again once I could gauge the magnitude of the suits. I just do not need take another risk on the down side. Rule number one : Do not lose the money. Before this I thought it was the safest stock compare to other financial stock. I guess I sold about the right time yesterday to overload on Ag stock which perform very well today. I am not that smart but luck happens to be on my side this week.