Take It Back!
Forget what I said in the last post about MasterCard International (Ticker: MA). Today, I sold MasterCard International @ $68.29 generating a net return of 19.61%. This was transacted in my Roth IRA account. I used the proceeds from this sale and backed up the truck in Genentech (Ticker: DNA) @ $83.88.
So you must be asking why did I make such an about face decision? It's simple; Visa is about to go public. That's going to be a huge IPO. If I had a choice between MasterCard International or Visa, I would go with VISA. Yeah, I'll be keeping a close eye on the Visa IPO.
posted by Money Turtle @ 7:03 PM
2 comments
2 Comments:
I will also be watching the Visa IPO with Interest.
The other float to watch which has received minimal publicity in the US, but a lot here in the Asia Pacific region is the float of the ICBC. The Industrial and Commercial Bank of China.
They were looking to raise US$19 Bill, they now have orders for over US$500 Billion. They are the largest lender in China and are floating on the Hong Kong exchange.
China ipo's are hot right now, but I would not touch them. I would go with multi nationals that do a bit of biz with China.
Post a Comment
<< Home