I changed my mind on V. I made some money off the initial frenzy and cashed out at 63.50. I'm sure it will go up, but the PE is something like 39 or some ridiculous number and there are too many other blue chip stocks out there trading at multi-year lows for me to dump cash into an overvalued stock. I have no doubt it will go up, but I'm betting there are a TON of stocks that will outperform V over the next year as the market recovers....well outperfom the bulk who bought in at mid=50's and up, not the big boys who got in early.
|