VISA IPO Update
March 21, 2008 – 08:05 pmQuick update on the VISA IPO. As I predicted, the launch occurred on the 19th and it was a frenzy getting in. Opening value was $44 but I suspected the first public buy in occurred around $55. I tried getting in as soon as I could with some minor over sleeping delay lol. I ended up getting in at roughly $58 a share. So far the day ended at $64.35. This is a good sign because I already made bank off the stock. Even if I sold what I invested now, I’d still have shares left over that I can leave in there that were pure profit and let it ride. However I will probably just let all the stock sit and ride the stock climb over the next year or two (depending on how the trend goes) before I actually sell IF I choose to sell.
That said, if you didn’t hop on, it might not be too late. Check accordingly and see for yourself! A lot of people asked how much I was going to invest, ball park range would be $20k. A quick math calculation will tell you I profit about $2200 in 2 days even if I sell right now and walk.
1 Trackback(s)