Bought Visa (V) This Morning, Part 2

I am hoping that the Visa - Mastercard pattern is a replication of CBOT-CME.

When CBOT (Chicago Board of Trade) was going public, I saw that the CME (Chicago Mercantile Exchange) had previously gone public around $35-40, and had climbed into the $300's.

So, I bought CBOT.  It went public in the 40's and I got filled at $85.  I follow my book's re-balancing system, so I didn't get discouraged by the volatility.  I ended up selling some in the 120's, buying more at $96, and then taking profits in the $200's.

Then, CME bought CBOT.  Now, I have CME stock around $490.

So, I hope that Visa (V) will now track the success of Mastercard, the way that CBOT tracked CME.

I heard a couple of weeks that VISA was going to do an IPO.

I missed it - they went public on Wednesday at $47.  They got the stock symbol "V".

I found out over the weekend, so first thing this morning, I bought it at $65.

I think it's still a good price - Mastercard went public in 08/06, around $40, and is now trading at $223.