PYPL, 이제 정말 작별할 때인가요? 😞

Meh idk, bought in for the first time today hoping to make a little flip. It is quite sad to see how it is down over 80% from it's peak, but I think it does have potential to grow a bit from where it is at currently. No, I wouldn't bet the house on it, but fundamentally it is solid. We are in a semiconductor craze rn, AMD came out of the woodwork and is up like 100% in 5 weeks. It is truly a unique market, and I don't want to pretend I understand it at all. This is a sentiment driven market, and unfortunately it seems a lot of sentiment left Paypal out to dry. Paypal at its current price does not seem like a bad grab, but yeah I dont see it even getting close to the highs it was at before.

It’s a head trip and the oldest hangup in trading. You think because you lost it with PYPL, you somehow need to hold those bags until you can make it back with PYPL. Meanwhile, opportunities have just passed you by. You could have taken the loss and traded up with another instrument. But, since you’ve held this long, I’d hold a little longer and see what’s what with these early stage acquisition rumors. Could be the tailwind you’ve been waiting for.

Usually any stock that doesn't recovery from a general market downturn is a good signal to move on. Don't get emotionally attached, move over to better investments.

It's long past due

I predict in the next 6 months Berkshire Hathaway will open a PayPal position.

Nobody I know uses paypal. Do you use it? It's Venmo, Zelle, Google Pay, Apple Pay these days. Even ebay, which was how paypal grew and became big, doesn't exclusively use PYPL as its payment service anymore. Unless you have other funds to play with, the opportunity cost of holding it makes it an even tougher hold. But I know the mentality of wanting to hang on...I did it BBIG, only to see them go bankrupt and out of business. Then when I started bagholding FEMY, I cut my loses at 50% and was able to recover those losses within 3 months. If I had held, it'd be more than 70% down. So while it's hard to take the loss, it might be the best course of action.

I finally offloaded my shares a few months ago. Mixed feelings seeing it drop again after another Meh earnings. I’d cut it loose if I hadn’t already. If you wouldn’t buy it here, why hold it here?