- 47,557
- 102,470
I think that is too quick of a reaction. Or too late. If you were going to sell it should have been on the news. Companies who announce acquisitions always tank because investors rarely have the patience to let the dust settle. ABBV got annihilated back when it announced the Allergan purchase. It makes what is happening to PYPL seem like a minor dip. It has proved to be an amazing move by them and the stock has doubled since it bottomed out.Cutting my position in paypal by half. The traders are just going to short it and go long on PINS until the deal is closed. The deal isn't seen as a great one, either.
![]()
Why PayPal Investors Got Nervous on Wednesday | The Motley Fool
There are reports that the digital-payments giant could be making a pricey acquisition.www.fool.com
I was in AMD when they shorted it down for six months' straight, after Xilinx. They pushed it down dang near 25%, it was a slow bleed for six months. Anyway, PYPL is actually lower than where I sold it. Regardless, I think there's better ways to be spending my money. So position is cut in half.I think that is too quick of a reaction. Or too late. If you were going to sell it should have been on the news. Companies who announce acquisitions always tank because investors rarely have the patience to let the dust settle. ABBV got annihilated back when it announced the Allergan purchase. It makes what is happening to PYPL seem like a minor dip. It has proved to be an amazing move by them and the stock has doubled since it bottomed out.
Not saying I like the PINS move at this point but I haven't had time to dig in to it. I own PYPL long term so I'll ride it out and add if I see it hit my support targets.
That deal is all stock iirc, so dilution was in order for AMD. Also AMD has a funny way of entering into business deals with their larger direct competitors. First selling GPUs to Intel for their NUCs, now supplying Nvidia with CPUs for their cloud gaming service.I was in AMD when they shorted it down for six months' straight, after Xilinx. They pushed it down dang near 25%, it was a slow bleed for six months. Anyway, PYPL is actually lower than where I sold it. Regardless, I think there's better ways to be spending my money. So position is cut in half.
I still have no idea how PINS is going to add synergies to PYPL.
They are hammering the shit out of it. Kinda wondering why I didn't sell the rest.Sold puts on PYPL $235 strike 10/29 exp
Did Intel report earnings and dump again like it always does?
Something to keep in mind due it's place in ETFs like QQQ there is a metric fuckton of institutional ownership. And they aren't selling QQQ or SPY because of PYPL. No short who isn't insane is going to hold this short more than a few days because they understand the indexes are melting up right now.They are hammering the shit out of it. Kinda wondering why I didn't sell the rest.
under 220 in 2 weeksSomething to keep in mind due it's place in ETFs like QQQ there is a metric fuckton of institutional ownership. And they aren't selling QQQ or SPY because of PYPL. No short who isn't insane is going to hold this short more than a few days because they understand the indexes are melting up right now.
Back over $260 within 2 weeks is my guess.
Like clockwork.Did Intel report earnings and dump again like it always does?
Hahahaha. If I werent traveling I would have played that shit.Like clockwork.