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Wednesday 11 December 2013

Watch Mastercard @ 800

Mastercard approved a stock split via a stock dividend and authorized a $3.5 billion buyback
Mastercard  jumped from 763.82 to 800

Look to buy Mastercard @ 800 if it stays above & doesn't drop below anymore, for 30 minutes expiration
Risks: 800 is too high so it might stay closely around 800 or might even drop if it fails to stay above 800
The stock market is weak & might also affect Mastercard's stock

Look to sell Mastercard @ 800 if it stays below & drops further, for 30 minutes expiration
Risks: News will attract more people to buy Mastercard & it might try to break above 800 again

Trading Mastercard will be high risk, trade cautiously or avoid if you're uncertain

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