On September 28th, we recommended to buy shares in Visa (V) in our publication Good Morning Wall Street. Why? Pretty simple as short sellers are back again. Then we recommended it here on October 6th
Short sellers were back again and they never make money, still have not. We said that we would keep playing this until it actually loses money. It has made money and now we just want to lock in the gain. Our recommended price in GMWS was $231.78 and it closed at $233.48 before the October 6th recommendation.
Our first level to clear is $240. Happened. Once there we will highlight our next level. The stock peaked this summer at $250.06 so there is nice upside. Blew through it. The stock is now at $264.49 so we will close the position making $31.01 which is 13.30% over three months.