User 172125

Hedge Fund Tracking: Blue Ridge Capital (John Griffin)

Like I said on your other post- I see past the post itself- and what you are doing is actually a great marketing tool. To other bloggers out there- notice that his posts include several symbols- and therefore will show up on SA under each and every symbol- exponentially generating traffic (ad revenue) to his blog.

The posts themselves have little value as he is just compiling data that is readily available. Brilliant strategy market folly- I bet you are making a lot of money for doing virtually nothing. Very bright.

AmEx's Pain Likely Discover's Gain

Frank- One other thing that doesn't make sense about you... I read your bio and you said that you are a fan of Warren Buffet. Warren (Berkshire) is Amex's largest shareholder yet you are playing DFS. That seems a bit contradictory?

AmEx's Pain Likely Discover's Gain

warelf- "rong headed" .....I'm laughing my ass off right now...

AmEx's Pain Likely Discover's Gain

Frank- If you are not GreenCap then you have a verbal twin- you sound and post just like him....

Anyway- moving on- DFS is growing by leaps and bounds I hear they just signed up Harry's used cars in Nebraska- and did some viral marketing and linked up with Maude's stereo shop next door!

On a serious note- as long as default rates are increasing there is no reason to let your money float for another year when you can catch momentum on V. For example, just take a look at the charts over the last couple of months- plenty of action- but with a safety net. If all you did was trade on dips and rallies and took profits every on every 5 dollar move you could have done quite well for yourself.

DFS will get a little bump from the MA/V settelement action. The lawsuit is going to trial in September. I still think this will settle this month (pre-trial). Now if that happens DFS will get a nice little bump. Is that the 'trick up the sleeve' frank- bullish on DFS because you think they will have a nice little bump this month??

Frank- Let's say you are not Green Cap- what are a few of the other stocks you like right now?

AmEx's Pain Likely Discover's Gain

Yes- Frank I hear DFS is on fire! They added 70 new accounts last month!!! They are now accepted at Ralph’s ribs in Tulsa!!!

Also- since you didn't want to come clean about who you are I am going to have to pull the cover. Anyone that has been reading Visa and MasterCard posts for some time will recognize the writing style of Frank Rong as that of GreenCapital (who then went on to become MATRADER). Notice that MA Trader stopped posting on his blog at the same time Frank Rong first appeared. Notice that GreenCapital stopped posting on Seeking Alpha when he re-invented himself as MA TRADER.

I repeatedly attempted to communicate with Ma/green cap- and asked him why he was 100% anonymous if he was an author of an investing blog. He never gave me the answer but continued to repeat that he would 'let me know who he was'. After losing the MA/V battle we now have Mr. Rong. , who by the way- ALSO goes by yet another handle called starting with 'MOJO'. I can't believe I was the only one to pick this up yet....

I noticed it when arguing with him over AXP/DFS vs. V. I could see the same semi-broken English and use of slang 'cherry' valuations. The only thing 'Frank' hasn't done is the old DFS will 'spit-chew-crush-etc' (which was a green cap trademark). BUT- the speech pattern is the same.

So- either Frank is helping to developing content for Seeking Alpha and is just taking the contra side of the V trade as it makes for solid traffic- or he is actually delusional enough to believe that DFS is a solid company (either scenario being sad- but both being deceitful).

Frank- give it up- you are green cap/ma trader. I see your cards.
For anyone else that finds this amusing go back to Green Cap and you will see the same syntax and speech patterns.

Upbeat Outlook for Credit Card Backed Securities - S&P

Nayr- Good Point.

Listen-I have said my final piece on V- am moving onto some other sectors. I am working now on our other blogs (which I won't post here as they have nothing to do with V). Just wanted to say that it has been a lot of fun- (and a great distraction from market turmoil) to talk about V the past few months).

I wish all of you holding V/MA/AXP- etc... (and other stocks)- best of luck in the second half of the year. God knows we could all use some luck right now.

Jon

The Long Case for American Express

Just wanted to stop by and wish you all the best of luck on V/AXP/MA- and even DFS holdings. I have locked in my final V positions- and will still trade the shares - but have really spent enough time on the entire plastic revolution.

Final thoughts: Visa is a great long term play- and I have no doubts about that. Wish you all the best of luck on all your holdings and making it through the rest of the year in one piece!

GOOD LUCK

The Long Case for American Express

Yes- 164258- You are right AXP is cheap- and there is a reason that Warren Buffet is AXP's largest shareholder.

There model is not broken- agree 100% - and their default rates are actually reasonable- BUT- you must be willing to sit on your shares- and I repeat the same question; WHY??

Why would you want to do so- when you can actually make money. You will have months to move into AXP- there is no rush. If anything- why not just buy some LEAPS on AXP if you really want to sit on the shares- without tying up all your capital?

V is still a much better buy right now.

The Long Case for American Express

If an investor is willing to sit on AXP for a minimum of 1 year before seeing any real action- it is still a good company- but why would you park your money there?

You could literally wait until the end of the year- and jump in with little to no loss of profit in the meantime. So if you want to buy the stock cheap and sit on it- yes, the author is right- AXP is a good buy.

Or, you could buy V shares right now - in the 73 range- and actually make money on your investment- It is entirely up to you.

Card Issuers: Facts and Fictions

The bottom line-

Is that if Amex stands a chance against V/MA- it should merge with DFS- and go heavy into debit- and global markets.

DFS as a stand-alone play is weak and picking up Diners was a non-event.

All cos will have to negotiate- this will be a necessity going forward whether voluntarily or not. That is why the multiple revenue streams and modes that V is developing, in addition to its investor base and debit platform makes it the clear cut winner in the plasic revolution.

First mover advantage is so entrenched that DFS has already lost the battle and will never be a real player.

Frank/Mojo- Do you really believe your position or are you just offering a contra argument for some other strange reason?

How Much Credit Is Too Much? Where AmEx Went Wrong

Oh - one more question Frank/MOJO- do you know GreenCap/MA Trader??

How Much Credit Is Too Much? Where AmEx Went Wrong

Yes- track record says it all.

That is why I have maintained that V was a better play all along. I have also maintained that V would decouple from MA in the second quarter of this year (which it did).

I now have the full support of most top analysts, institutional money, and the market itself (not to mention reported financials and actual results).

But why gloat- we are all here to support eachother.

Mr. Bill- you are sounding smarter all the time.

ALOHA!

In the meantime- we have a wide-variety of content on V:

visawinners.com

Upbeat Outlook for Credit Card Backed Securities - S&P

I don't know when investors will wake up (if ever) to the fact that 'securities' backed by debt- are better left to professionals.

The reason we are in the mess we are in is that I-banks securitized a vehicle they knew little about- and banks were complicit in the largest ponze scheme in US corporate history.

Straight equity all the way for me.

As far as the V/MA comparison- As I predicted V has finally decoupled from MA and is in its own league.

MA had its run- V is the play going forward.

www.visawinners.com

How Much Credit Is Too Much? Where AmEx Went Wrong

You know Mojo- I'm not convinced- and I've got a little digging to do- but it will be simple enough as the more you write the more comparative documentation you provide. I, for one, can't imagine anyone being bullish on DFS over V... There is something very wrong with this picture.... But- then again- think about how many crossword puzzles went unfinished because of just one misssing word?

In my estimation the absolute BEST thing DFS has going for it (and you haven't mentioned it) is the pending litigation DFS has against both V and MA. V and MA have entered into a joint settlement agreement and I predict a settlement will be reached prior to the trial date (in Sept). V and MA have the cash (well V has it in hand- but MA can make AXP like payments- and I don't think DFS wants to risk a trial because their case is week. People talk about 'treble' damages as its an anti-trust case- BUT- the case itself is week.

Basically DFS marketshare has pretty much flatlined since MA and V stopped the 'onerous' business practice (which was actually just capitalism at its finest)- whereas AXP's increased substantially. DFS is going to have a hard time proving that its ability to grow was constrained if they were not able to prove growth after-the-fact.

In fact, if this does go to trial- that is a sign that V/MA are so confident about their case that they didn't feel the need to settle.

I, for one, expect to see a pre-trial settlement this month. You could make the case for a quick pop. If, for example- V/MA are willing to each give DFS 1.5 to 2billion -that would help out the smaller - lesser equipped CC provider out quite a bit..

How Much Credit Is Too Much? Where AmEx Went Wrong

Frank- Posted a comment to your other article: Card Issuers: Facts and Fiction

Was curious about the fact I had never heard of you- and suddenly you just popped up taking the V/MA- contra position with AXP/DFS.

Got a strange feeling when you were on the V boards- because I didn't sense conviction on your part-

Let me ask you a question; you wouldn't happen to be be friends with 'GC' would you??