petecoves

Blackrock Cleans Up Florida; Its Role Will Grow as Economy Worsens

I find it surprising the you mention mastercard, Chart on most stock look fantastic right before the implode. I'm sure Lucent had a prety good lookng chart at onetime.

However, I would beg to differ where mastercard is going.
At this point in time mastercard maintains an extremely vulnerable fundamental and technically.

First fundamentals:
Mastercard trades : price to sales of 7 (avg S&P co. is 1.5)
PEg ratio 2 - anything over 2 is considered dagerous.
Price to cash flow: 33
Huge Insiders selling incuding Goldman Sachs.

Potential damaging litigation From AXP for 3 Billion dollars
EU Commission looking to eliminate interchang-fees altogether which could translate into billions of dollars in lost revenue.

US congrees fighting to lowe fees and revamp entire system.

Technically RSI at 70 - considered overbought condtion
broke a new high, however closd below it previous new high - negative divergence.
Climatic Top Pattern