Wednesday, November 01, 2006

MasterCard Wows Everyone

Wow! That’s all I can say about MasterCard’s (Ticker: MA) earnings. This morning the company released results, which far surpassed everyone’s expectations sending the stock up 14.80% to close at $85.07. The analysts were expecting the company to report top line numbers of $871.1 million and bottom line numbers of $1.07 instead the company reported $902 million and $1.42. The company beat by $0.35, Wow… My biggest mistake in handling this stock was to buy, sell, buy, sell, buy... instead of just buy and hold. This stock is going much much higher…

2 Comments:

At November 01, 2006, Anonymous Steve said...

how annoying is it when you trade like that. I have done it myself so many times.

It is one of the downfalls of wathcing stocks each day.

 
At November 01, 2006, Blogger Money Turtle said...

The hardest part is to admit that you were wrong and get back into the stock at a higher price. It's not easy...

 

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