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PayPal Holdings Inc (PYPL)

NASDAQ
Currency in USD
Disclaimer
65.27
+1.17(+1.83%)
Real-time Data

PYPL Comments

I believe the market(S&P) is correcting. Notice PYPL has also not been trending that well with the NQ(which is in correction). I know that Ebay now encourages customers to use credit or debit cards, rather than PYPL. My wife sells a lot of products online(about 25k a year) so I know PYPL will take a hit from this. With all that said and the bond yields continually spiking up and Biden promising to increase corporate taxes to pay for endless spending, I see this dropping to $200 within a month. Fact is it broke through 220 like butter a few weeks back. Those who believe crypto will moon this are overrating crypto. Look at TSLA. Not exactly a correlation. I recently liquidated my portfolio. I had 200 shares of PYPL. Took a loss of 3k. Was not fun. I am a buy and hold kind of guy, but I just see big and small tech really getting smashed. Had to preserve my capital. But just my 2 cents. I never short, too risky. But I am ready to go long when market sorts itself. Waiting for 3600-3650 S&P.
the tax increases are not a sure thing with all the politicians it has to pass 2 houses of congress and the senate will be tough
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