VISA in the short term.... which way do you think it will go?

In case you haven't heard yet, VISA went public today (symbol "V") and it's up from a $44 IPO to over $56.

I can't decide if I think it's going to continue to shoot up tomorrow, or have a bit of a correction.

Obviously in the long term it looks like a solid investment, but I would like to make some quick cash in these hard times to renew my faith in the stock market.

Would you buy now, or wait to pick it up at a bargain?

I just checked and Mastercard went public 2 years ago... now it's trading at over $200 a share. Do you think Visa will follow the same pattern?

... I don't know if I want to pick them up just yet. They're bound to have a bit of a correction at some point. It may drop back into the $40s, then I'm going to pick some up for sure. :)

I think it will go up. Visa does not lose money when it's card holders don't pay. That's the banks. Visa just makes money on processing all the transactions. I expect that transaction processing to only grow over time.

I think if you're just looking for a quick score (to buy the stock and then sell it right away), then I wouldn't necessarily buy Visa. Now having said that, I do see it steadily increasing in value each day, and could possibly be worth $75 or more a share by mid-April.

I was able to purchase 10 shares today, and plan on keeping my shares for the long haul.

I am in at $50.

I am editing my answer, because after answering, I read the first answerers thoughts. And he is right. Visa assumes no risk, so it might well be a great stock to own! I would now just ask myself if people are going to be charging more or less than they have in the past. And how is Visa increasing its business?