Paul I

Don’t listen to the so-called analysts. They’re the ones w this piece of garbage in their inventory that they must broker to retail buyers. That’s what “broker”age houses do.

You can’t will a stock to rise or fall. This is a company that (technically) has no ceo, is about to get kicked out of the SP500 index, has a put/call ratio that displays the over-optimism there is on this garbage stock. It had terrible earnings and all but eliminated its dividend. And still there are those who are waiting for it to get back to where they bought it. The stock doesn’t know where you bought it. Risk/reward is gone. The charts are screaming more pain to come. Don’t fight the tape.

No technical support on the charts til the 40ṡ

PYPL has some serious overhead resistance in the form of its declining 20 dma

Read The Art of Contrarian Thinking by Humphrey O’Neil.

Never fight the tape. And never try to catch the proverbial falling knife. Clearly there’s more going on here than has been publicly shared. Rigged game? You bet. PYPL is not a takeover candidate. Common sense: Why on earth would an Apple, Google, Microsoft etc pay $66 Billion for a company they can “buy” (and have been buying) in the free market for about $10 or $ 15 billion via competition. Regarding stock buybacks , the board is not going to authorize a single share buy back at $ 66 billion when they know it’s worth about 20% of that. I’m not long nor short. Much easier money to be made elsewhere.

Further…think about it. Why is a company that’s supposedly doing so well having to offer employee inducement grants? Because they have to. Doesn’t bode well for company.

Word out that the ptb at PYPL are worried sick over Apple Pay - which continues to enhance its offerings all the time. And why exactly would Apple buy PYPL? They don’t need to. Apple clearly has PYPL In its crosshairs. Remember EBAY bought PayPal, made a several billion , then divested itself of it by spinning it off. Smart.
Look at the obvious. I’m not long or short PYPL or AAPL btw.

Apple Pay cleaning PYPL’s clock. Stocks don’t fall like this only bc of shorts. Stock prices don’t lie.

Read “The Art of Contrarian Thinking” by Humphrey O’Neil. Despite the incessant dismal stock performance of late, most analysts incredulously continue to cheer this loser on. I say loser in terms of its stock returns. And we are in this to make money, aren’t we? Put another way, it’s still over owned. Watch for PYPL to print more multi-year lows in coming weeks. Of course odds are it will come back someday. Perhaps. But not until the over-optimism starts to unwind show signs of subsiding. (I’m neither long or short). Read the book.