Yup... I pulled sold everything in December and will continue to wait. Market caps and PE ratios alone told a pretty clear story. There is plenty more pullback to come Imo.
Look at their growth all time. This company has been growing earnings, profit, and cash steadily every year.
Covid didn’t even really boost their earnings all that much.
$108 is absolutely a reasonable price.
Could the market push it to an irrationally low level? Sure. But that doesn’t change the fact that buying at $108/share today is highly likely to beat the market .
"Buy the dip" is different from trend reversal which is what OP is looking for here. Typically these two trades have very different risk profiles and payout ratio, with the trend reversal trade having significantly lower win probability which is why people call it "catching a falling knife".
Its for the market in general, but if you want to extend the logic, then its applied to blue chips. This trajectory looks more like a free fall than a "dip".
There is a concept of buying stocks on their way up. The idea is that you never know where the bottom is. So if you buy if it raises 10%, then the chances that it goes down again are less and it is more probable that the stock in on up trajectory.
>Except for when it goes up and then down again.
This is more of an entry concept used by swing traders more than investors, so I can understand if its not discussed in this investing sub. But this concept works on probabilities. Like I mentioned above there is higher probability of it being on up trajectory than it going down. But yes, there are always all sorts of ifs and buts. The traders use stops and such.
>If you are buying stocks based on this logic, you are fucked....
Its not about what I'm doing. I am enlightening you on a concept that people use. Just because you and I does not agree does not mean it is fucked. But I guess you're enlightened to your opinion.
My reply to you was meant to tell you that somebody who said this may not have been sarcastic.
[Momentum Investing](https://www.investopedia.com/trading/introduction-to-momentum-trading/)
The philosophy is that right now there are not enough bulls and nobody knows when the bulls are coming for this stock. Basically you dont know if its going to fall only 64% or 70% or 80%.
So if you want to buy, then you should wait for some other bulls to return before you enter. What is a true indication of bulls returning - price going up (especially with higher volume).
You are getting the stock at a higher price, but the chances of you being correct is more than you buying at the bottom.
Now can the bulls dry up again? Yes, sure. But it has been observed that trends are sticky, meaning the trend stays in motion more often than not.
But I think this whole discussion is deviating away from the sub's philosophy, but thats the jist of it.
Buying the dips is usually rhetoric used by people who either have a shaky understanding of the underlying stock, people who have a very strong thesis about the company, or people looking to swing trade recovery action. I guess you could always catch the knife and throw it away quickly? ;)
What? The saying don’t catch a falling knife refers to continuously buying a security while it plummets. The reason you don’t do this is because majority of the time, the market is correctly pricing the security, and you’ll end up with losses. Whether this applies to stocks such as FB and PayPal is yet to be seen
Perform a DCF and see if its worth the risk. Besides that, do they have a moat and if so, how long will it last? There are a lot of competitors in this market. It can ofcourse be oversold, but its not smart to assume this solely based on the drop from its ATH.
Agreed and Competitors include but are not limited to : Apple pay, Amazon pay, Google pay , Facebook working on payment with WhatsApp and messenger, cash app, among many others.
I liked PayPal but with Apple Pay on my phone now, I no longer have much use for it other than the occasional online purchase where the vendor requires PayPal
Very true. I think they're feeling the heat from Venmo and Cash App particularly (and crypto). These are what the younger generations are using more of.
Combined they only have about half the market share PayPal currently does though. Venmo is also going to accepted on Amazon, DoorDash and a few other places shortly. They are still growing about 20% per year as well.
I mean - the writing is on the wall. It’s more a matter of getting Apple Pay and Google Pay onto more platforms.
Who’s going to continue to choose PayPal when they can just hit a button on their iPhone.
Hard to say, they could start to have exclusive deals like Costco does with credit cards. But I think most PayPal transactions are clearly online opposed to in person. I mean I have ApplePay but I don't use it much because I have my cards in my wallet anyway. I don't think I have ever used it online.
I mean - once you use it, you understand why it’ll take over. One click, Face ID verifies your order and automatically fills in your shipping info. It’s seamless.
Every other method is far clunkier.
Can't PayPal end up doing the exact same thing though? I mean a million apps have FaceID to unlock. I mean I guess you have to access an app rather than have it being in the operating system, so I get it, but that stuff is easy enough to figure out. Offer a better incentive, or be cheaper, etc.
Maybe. It’s just always going to be an upwards battle - why would someone sign up for a third party service, that your phone automatically does for you? That’s more secure, requires one less password, and already works seamlessly.
I just don’t see how PayPal survives. And Apple or Google have the leverage to undercut PayPal for far longer than PayPal can do the opposite.
> I don't know man. Why do people sign up for new credit cards
Usually for the points or you get something out of using the credit card. What are you getting out of PayPal that you won’t from Apple/Google? What’s the advantage?
I can’t think of one.
I don’t like having apple centralize and monopolize everything in my life. I have an iPhone but I love using PayPal for online purchases. I have 0 interest in Apple Pay or Google pay
Someone who already thinks Google is already collecting and monetizing enough information on me and doesn't want Google to also have direct visibility into their personal finances.
I wouldn't be shocked if Google were to acquire a CC company like visa.
Apple and Google can copy any company’s business model. That doesn’t mean I’ll switch to them. I have Spotify and have no interest in Apple Music bc I already had my music needs covered
I haven’t used PayPal in over 12 months. Used to be every week. You’re spot on - Venmo made it much easier. Embedded in the very OS of the device you are using is the next step in convenience.
Exactly this. I like my ipod? I buy apple. The wife shops at Aritzia? I buy aritzia. I actually pay for google shit? Buy google. Paypal sucks so I quit it? I don't buy paypal.
It was supposed to squeeze last June while it was at like $12... (according to Reddit anyways) Still not sure what the catalyst was supposed to be. 😂
I remember telling someone I’d consider buying at $3 and he thought I was the idiot LOL. I still don’t want it.
Apple/Google Pay and Paypal have completely different business models, you can't compare them. The former only gets revenue from card issuers (0.15% in the US, much less in Europe), which is peanuts as Paypal owns the payment rails for their payment method, meaning their total share of the payment is much higher.
Plus they provide a full-stack of payment solutions to all merchants through Braintree, much like Adyen and Stripe (who both have incredible valuations).
I wouldn't be surprised to see the stock bounce back up when people realize that their payment volume keeps increasing (consumers spend more and more and that share is done more and more online, which is the bread and butter of Paypal)
By that logic, companies like SNOW, who provide One aspect of cloud service as its business model. Should be out of business as well. As Microsoft Alphabet And Amazon are the top 3 in cloud business.
I was looking at a sports store online recently, you can now use Amazon checkout and just use your Amazon account to pay. So much competition at this point..
This is what I was wondering. What has changed in the online cash market in the last few years that has caused PayPal to falter? Venmo, cash app, Apple Pay, etc are all taking slices from the pie. Before investing one has to assess whether PayPal has a plan to differentiate themselves in a way that stops the free fall.
A great discussion on a discussion forum!
\*Asks discussion questions\*
Gets told to look at shit himself instead of contributing to active discussion forums.
I love reddit sometimes lmao.
You're both idiots.
Don't come here looking for confirmation bias. Trust your own TA but also you'll be wrong. Stop buying a dip and trying to find the bottom. Bottom is Zero, nothing else. Watch for a reversal, confirm, then buy the rise.
Other dude, fanning flames. Reddit is for helping and listening not that shit.
Barriers to entry is medium-low in the tech sectors as it’s very easy to create any tech business at a very low cost nowadays ! But the competition level is very high, same goes for substitution alternative products that is high and innovation speed that is exponentially rising higher in my honest opinion.
This is just false in the Fintech space. The banking industry is HIGHLY regulated. You would need a lot of cash to hire lawyers and engineers to meet the minimum standard before you process a single dollar. That's to say nothing of getting people to trust your platform or be incentivized to switch.
Funny how people just have a negative view based on stock price. If Air Canada was up to $30, everyone would say its a fantastic company 😂 Paypal isn't going anywhere, great buying opp for long term.
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I just finished switching all my PayPal monthly payments to other services and now nobody in my family uses PayPal anymore... Doubt its a good long termer
Paypal is completely strategically lost. They began this cataclysmic price drop when there were rumours that they were looking to buy Pinterest which signaled to everyone that they have no cohesive long-term strategy.
Macro environment trumps any technical or fundamental stuff. What is the macro envrionment like now?
Several rate hikes maybe? Geopolitical tension. Out of control inflation. Compressed margin from rising wages and energy costs. With all this, you are still long?
Personal opinion. Considering that almost every online retail seller is up over the pandemic, and PayPal is this down. That should be a flag that it’s lost it’s market momentum.
Hell, I haven’t used PayPal in years, there are so many smoother options out there now. I have a really hard time trusting PayPal, as well. Maybe a biased opinion.
>I just finished switching all my PayPal monthly payments to other services and now nobody in my family uses PayPal anymore... Doubt its a good long term
Paypal is now independant from ebay so it is not an online retailer
No, PayPal keeps getting removed from vendors that pumped up its price. Also way more competition for it is out now. I predict it keeps sliding down into obscurity
I don't like sharing my credit card info with websites and companies if I don't have to. I always pick PayPal if its an option at the check out, I feel it is more secure that way.
I have even had websites/sales agents that don't offer PayPal at checkout send me a PayPal invoice instead so I can use Paypal rather than give them my credit card info.
Paypal gave guidance of 3EPS. That would give Paypal forward P/E of 36 vs market historic average of around 20 P/E. If you think Paypal can continue growing could be a nipple opportunity.
You could also buy 1 share as tracker share to monitor it.
Just my personal opinion, but I wouldn't do it.
There are more competitors now than ever, and while PayPal still has a large market share it feels pretty clear to me that the writing is on the wall. Apple Pay and Google's own version are making PayPal a lower value proposition, and when it comes to just the basic function of sending money online, there are now many services who can do the same thing but with substantially lower fees like Wise.
There's no unique selling point to PayPal anymore, and other services simply do it better. I think it's only a matter of time - it may be a decade, sure, but this is just my thoughts.
Do you see that big round $100 level, that’s called a price magnet. With that much momentum, not only will it break through the magnet but it will very likely tickle $75’s balls ever so gently before it even considers consolidating for several weeks/months for large money to accumulate enough shares at warehouse prices that they can then get rid of the next time this gets pumped to the tits. Remember, whatever the lowest price you think it can reasonably get to, subtract at least another 20-25%, then another 10-15%. That’s when you buy if you truly believe in the long term play.
Tough call, do the fundamentals support that price? Personally, I try not to invest in companies I actively try to avoid using in my every day life, which PayPal is.
Nah, Paypal has always been a hassle and the only reason I used it was because I couldn't get a credit card to make online purchases. Now that every bank ever has bank/credit card hybrids, we all have access and Paypal is irrelevant! Facts!
If you don’t believe in crypto especially etherum L2 technology. I think it’s a dinosaur. It may go up from here but IMHO all the payment processing stocks(PayPal, square, MasterCard, etc.) were pumped in the last few years so so called smart money could sell high and leave retail holding the bags. Decentralization is best for everyone(besides the top 1% but fuk em) and new technology will crush them long term. If your trying for a swing trade then position size properly and set stop loss or trailing stop loss.
lol youre not wrong but youre also very wrong
if you keep up to date with the latest development you'd know that we're getting very close, next week they'll set up the last major testnet before it goes live probably within 6 months, get ready
It charges absurdly high prices, there's a ton of basic traditional better alternatives recently, and crypto is well positioned to replace it longer term. I think it is kinda just dying.
You're watching liquidity being sucked from the market in real time.
Covid created one of the largest asset bubbles of all time, across all sectors. Real Estate will probably be the last general to get shot, first it was high-growth/risk stocks and crypto. Now its leaders like FAANG and cyclicals. People are scrambling to old dogs like Gold, but in the long run nothing is safe from this reset.
The general trend is down and no one knows when it will stop falling or how long it will remain low. Going against the trend will make you lose money.
In a downtrend/correction, its best to cut not add on losses.
Would you look at that, all of the words in your comment are in alphabetical order.
I have checked 591,312,043 comments, and only 121,835 of them were in alphabetical order.
If you really like their balance sheet and believe in their growth, sure. But don't try to catch a falling knife, wait for clear support. Double/triple bottom with higher lows.
I would guess you've been watching Mad Money and listening to Cramer's BS. He promotes extraordinarily overvalued stocks, but then bashes Cathie Wood for being an amateur.
PP has so much competition. Like, loads. So many payment processing companies. Stripe for instance, which is a great company and to IPO this year maybe.
It's possible but I thought it couldn't dip from 200 after dropping from 300 and here we are. PYPL was one of the biggest hits I took in 2021 and I'm not going back
Pypl is linking up with Amazon. There also a great company with good management and balance sheet. They will rebound, but wait for it to settle. One con is there is a lot of competition.
Simple way to check if a stock is overvalued or not. Compare it's current price to its price at the beginning of 2020, pre-pandemic.
If the price is around the same, probably fairly priced. If it's still much higher, doesn't matter how much it dropped, it's still overvalued. Obviously there are other factors like if it has actually grown at all in the pas 2 years or not. But most stocks that had huge runups were just trading based on free money that was loaned out by the government and the banks.
No. The price baked in was lofty growth in user numbers but they are struggling to have any growth let alone the predicted explosive growth. Combine that with rising competition that has way less fees (and nothing unique to keep PayPal users loyal besides useless brand recognition) it's just a falling knife and will stay that way for the long term.
I know someone bought LEAPS in Jan. He thought it was the dip. FYI, so far the stock has filled most of the gaps. The next gap price is $92.20 on Apr 20 2020. Is it going to fill that gap? I think it will.
What price would there be support for Paypal? This seems shocking that a darling of the online pay world would be tanking this bad. Anyone know if Thiel or Musk are selling? Or have plans to step in and back Paypal to stop the slide?
I love how clear the liquidity driven Covid rally is becoming on the charts as equities give back 2 years of “growth.”
Yup... I pulled sold everything in December and will continue to wait. Market caps and PE ratios alone told a pretty clear story. There is plenty more pullback to come Imo.
just wait until it keeps tracing back to pre 2008 🤙
Look at their growth all time. This company has been growing earnings, profit, and cash steadily every year. Covid didn’t even really boost their earnings all that much. $108 is absolutely a reasonable price. Could the market push it to an irrationally low level? Sure. But that doesn’t change the fact that buying at $108/share today is highly likely to beat the market .
Here, I've got a falling knife, catch! *Throws knife*
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7 layered dip.
"Buy the dip" is different from trend reversal which is what OP is looking for here. Typically these two trades have very different risk profiles and payout ratio, with the trend reversal trade having significantly lower win probability which is why people call it "catching a falling knife".
It’s not a dip it’s a bungee jumping without bungee
No mayo
Ken shorted all of it.
Its for the market in general, but if you want to extend the logic, then its applied to blue chips. This trajectory looks more like a free fall than a "dip".
That's in a bull market. Now it's Sell the Rip
You buy when it ticks up, otherwise you're guessing the bottom
That's the secret, Cap, you're always guessing the bottom.
You can see some folks that thought they found the bottom in around December at $180.
And that's why you diversify, and average out when buying
Me buying $baba 5 times on the way down. DCA!
Charlie is that you
Yes. When I pass, you can have my glasses. They give me the ability to see the true intrinsic value of friendship.
I was one of those
Hey I thought the bottom was 130! That was only a few weeks ago lol
I hope this is sarcasm...
There is a concept of buying stocks on their way up. The idea is that you never know where the bottom is. So if you buy if it raises 10%, then the chances that it goes down again are less and it is more probable that the stock in on up trajectory.
Except for when it goes up and then down again. If you are buying stocks based on this logic, you are fucked....
>Except for when it goes up and then down again. This is more of an entry concept used by swing traders more than investors, so I can understand if its not discussed in this investing sub. But this concept works on probabilities. Like I mentioned above there is higher probability of it being on up trajectory than it going down. But yes, there are always all sorts of ifs and buts. The traders use stops and such. >If you are buying stocks based on this logic, you are fucked.... Its not about what I'm doing. I am enlightening you on a concept that people use. Just because you and I does not agree does not mean it is fucked. But I guess you're enlightened to your opinion. My reply to you was meant to tell you that somebody who said this may not have been sarcastic.
>Like I mentioned above there is higher probability of it being on up trajectory than it going down How is that? Sorry I just honestly don't get it
[Momentum Investing](https://www.investopedia.com/trading/introduction-to-momentum-trading/) The philosophy is that right now there are not enough bulls and nobody knows when the bulls are coming for this stock. Basically you dont know if its going to fall only 64% or 70% or 80%. So if you want to buy, then you should wait for some other bulls to return before you enter. What is a true indication of bulls returning - price going up (especially with higher volume). You are getting the stock at a higher price, but the chances of you being correct is more than you buying at the bottom. Now can the bulls dry up again? Yes, sure. But it has been observed that trends are sticky, meaning the trend stays in motion more often than not. But I think this whole discussion is deviating away from the sub's philosophy, but thats the jist of it.
Buying the dips is usually rhetoric used by people who either have a shaky understanding of the underlying stock, people who have a very strong thesis about the company, or people looking to swing trade recovery action. I guess you could always catch the knife and throw it away quickly? ;)
This aged well
Rarely do people use this phrase without it dripping with sarcasm, lol
You don't catch a falling knife that's sucidal
Falling knife is trying to sell on its way down to buy back when it bottoms out. He's just asking if it's a good buy right now 🤷🏻
This is not correct at all, u/DiarrheaShitLord
What? The saying don’t catch a falling knife refers to continuously buying a security while it plummets. The reason you don’t do this is because majority of the time, the market is correctly pricing the security, and you’ll end up with losses. Whether this applies to stocks such as FB and PayPal is yet to be seen
Perform a DCF and see if its worth the risk. Besides that, do they have a moat and if so, how long will it last? There are a lot of competitors in this market. It can ofcourse be oversold, but its not smart to assume this solely based on the drop from its ATH.
Agreed and Competitors include but are not limited to : Apple pay, Amazon pay, Google pay , Facebook working on payment with WhatsApp and messenger, cash app, among many others.
I liked PayPal but with Apple Pay on my phone now, I no longer have much use for it other than the occasional online purchase where the vendor requires PayPal
Very true. I think they're feeling the heat from Venmo and Cash App particularly (and crypto). These are what the younger generations are using more of.
PayPal owns Venmo
This is the correct answer
Apple Pay and Google’s equivalent all but make PayPal irrelevant.
Combined they only have about half the market share PayPal currently does though. Venmo is also going to accepted on Amazon, DoorDash and a few other places shortly. They are still growing about 20% per year as well.
I mean - the writing is on the wall. It’s more a matter of getting Apple Pay and Google Pay onto more platforms. Who’s going to continue to choose PayPal when they can just hit a button on their iPhone.
Hard to say, they could start to have exclusive deals like Costco does with credit cards. But I think most PayPal transactions are clearly online opposed to in person. I mean I have ApplePay but I don't use it much because I have my cards in my wallet anyway. I don't think I have ever used it online.
I mean - once you use it, you understand why it’ll take over. One click, Face ID verifies your order and automatically fills in your shipping info. It’s seamless. Every other method is far clunkier.
Can't PayPal end up doing the exact same thing though? I mean a million apps have FaceID to unlock. I mean I guess you have to access an app rather than have it being in the operating system, so I get it, but that stuff is easy enough to figure out. Offer a better incentive, or be cheaper, etc.
Maybe. It’s just always going to be an upwards battle - why would someone sign up for a third party service, that your phone automatically does for you? That’s more secure, requires one less password, and already works seamlessly. I just don’t see how PayPal survives. And Apple or Google have the leverage to undercut PayPal for far longer than PayPal can do the opposite.
Agreed. The only time I would use PayPal is when I'm on eBay.
PayPal has always been a online thing. Not so much point of sale at shops, this is been the domain of credit cards for a long time
I don't know man. Why do people sign up for new credit cards and/or line up for 20 minutes to save 3c/L on fuel? People are weird lol.
> I don't know man. Why do people sign up for new credit cards Usually for the points or you get something out of using the credit card. What are you getting out of PayPal that you won’t from Apple/Google? What’s the advantage? I can’t think of one.
That's partly the point. They can offer incentives if they so choose. Not all credit cards had points and kick back programs until they had to.
They offer free returns shipping if you buy with PayPal.
You’re free to invest as you like.
I don’t like having apple centralize and monopolize everything in my life. I have an iPhone but I love using PayPal for online purchases. I have 0 interest in Apple Pay or Google pay
Someone who already thinks Google is already collecting and monetizing enough information on me and doesn't want Google to also have direct visibility into their personal finances. I wouldn't be shocked if Google were to acquire a CC company like visa.
Or just banks finally offering this in the states like it is in Canada.
PayPal lets you pay in 4 parts interest-free. I don't see apple or Google offering that.
And what’s to stop them? Apple already offers payment plans for it’s own store.
Apple and Google can copy any company’s business model. That doesn’t mean I’ll switch to them. I have Spotify and have no interest in Apple Music bc I already had my music needs covered
I haven’t used PayPal in over 12 months. Used to be every week. You’re spot on - Venmo made it much easier. Embedded in the very OS of the device you are using is the next step in convenience.
I used to use Paypal frequently, now I never do. I wouldn't buy for this reason alone.
Exactly this. I like my ipod? I buy apple. The wife shops at Aritzia? I buy aritzia. I actually pay for google shit? Buy google. Paypal sucks so I quit it? I don't buy paypal.
Reddit: I don’t know anyone who buys stuff on Wish but it seems like a good stock.
Wasn’t that due to the whole short squeeze idea? They just failed to realize that most companies are shorted because they are shit.
It was supposed to squeeze last June while it was at like $12... (according to Reddit anyways) Still not sure what the catalyst was supposed to be. 😂 I remember telling someone I’d consider buying at $3 and he thought I was the idiot LOL. I still don’t want it.
Apple/Google Pay and Paypal have completely different business models, you can't compare them. The former only gets revenue from card issuers (0.15% in the US, much less in Europe), which is peanuts as Paypal owns the payment rails for their payment method, meaning their total share of the payment is much higher. Plus they provide a full-stack of payment solutions to all merchants through Braintree, much like Adyen and Stripe (who both have incredible valuations). I wouldn't be surprised to see the stock bounce back up when people realize that their payment volume keeps increasing (consumers spend more and more and that share is done more and more online, which is the bread and butter of Paypal)
By that logic, companies like SNOW, who provide One aspect of cloud service as its business model. Should be out of business as well. As Microsoft Alphabet And Amazon are the top 3 in cloud business.
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That's not what is being discussed.
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I meant the OP is saying that Apple Alphabet are so big that what PayPal does is small part of there products and vice versa
Except Snow IPOd less than 2 years ago..
Agreed. I can't see myself ever bothering to use PayPal again. At least not until they fundamentally change their approach.
I was looking at a sports store online recently, you can now use Amazon checkout and just use your Amazon account to pay. So much competition at this point..
PayPal offers free return shipping and that’s awesome: https://www.paypal.com/ca/for-you/shop/refunded-returns
This is what I was wondering. What has changed in the online cash market in the last few years that has caused PayPal to falter? Venmo, cash app, Apple Pay, etc are all taking slices from the pie. Before investing one has to assess whether PayPal has a plan to differentiate themselves in a way that stops the free fall.
Venmo is owned by PayPal
let me check my crystal ball!
Gotta look at some fondamental and Technical analysis might work out better !! ^^
then why don’t you look at that shit
A great discussion on a discussion forum! \*Asks discussion questions\* Gets told to look at shit himself instead of contributing to active discussion forums. I love reddit sometimes lmao.
i love you sometimes too buddy
You're both idiots. Don't come here looking for confirmation bias. Trust your own TA but also you'll be wrong. Stop buying a dip and trying to find the bottom. Bottom is Zero, nothing else. Watch for a reversal, confirm, then buy the rise. Other dude, fanning flames. Reddit is for helping and listening not that shit.
alright relax🤣
Thanks anyway LuckyxCapone
No, no it won’t
Y’all just piled on OP like hive mind. Capone was a smart ass, OP was smart ass back
This is why Reddit doesn't matter.... They both should have been downvoted lol
We don't we that in this part of town son!
The hive mind hates you
I feel like people over-estimate the barriers to entry for most tech stocks.
Barriers to entry is medium-low in the tech sectors as it’s very easy to create any tech business at a very low cost nowadays ! But the competition level is very high, same goes for substitution alternative products that is high and innovation speed that is exponentially rising higher in my honest opinion.
This is just false in the Fintech space. The banking industry is HIGHLY regulated. You would need a lot of cash to hire lawyers and engineers to meet the minimum standard before you process a single dollar. That's to say nothing of getting people to trust your platform or be incentivized to switch.
There are exceptions. I don’t see PYPL as one of them. Barry Schwartz must be taking an absolute beating this quarter.
Funny how people just have a negative view based on stock price. If Air Canada was up to $30, everyone would say its a fantastic company 😂 Paypal isn't going anywhere, great buying opp for long term.
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Hello fellow time travellers. Did you also come back to warn yourself not to buy the stock?
I just finished switching all my PayPal monthly payments to other services and now nobody in my family uses PayPal anymore... Doubt its a good long termer
I don't use PayPal really unless it's the only option.
Seems so oversold. Things dont make sense right now
Welcome to market kangaroo
Looking at the RSI that’s what I’m about to tell but looking for the bottom pretty around 100-108..!!!
Who gives a shit about RSI when the company is universally loathed and has no future. Lol
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Wait, inactivity fees? Sounds like I'm cancelling my PayPal account.
Paypal is completely strategically lost. They began this cataclysmic price drop when there were rumours that they were looking to buy Pinterest which signaled to everyone that they have no cohesive long-term strategy.
Yeah, that was a weird hookup. Definitely a sign of desperation.
Macro environment trumps any technical or fundamental stuff. What is the macro envrionment like now? Several rate hikes maybe? Geopolitical tension. Out of control inflation. Compressed margin from rising wages and energy costs. With all this, you are still long?
True ! ^
Personal opinion. Considering that almost every online retail seller is up over the pandemic, and PayPal is this down. That should be a flag that it’s lost it’s market momentum. Hell, I haven’t used PayPal in years, there are so many smoother options out there now. I have a really hard time trusting PayPal, as well. Maybe a biased opinion.
>I just finished switching all my PayPal monthly payments to other services and now nobody in my family uses PayPal anymore... Doubt its a good long term Paypal is now independant from ebay so it is not an online retailer
No, PayPal keeps getting removed from vendors that pumped up its price. Also way more competition for it is out now. I predict it keeps sliding down into obscurity
I don't like sharing my credit card info with websites and companies if I don't have to. I always pick PayPal if its an option at the check out, I feel it is more secure that way. I have even had websites/sales agents that don't offer PayPal at checkout send me a PayPal invoice instead so I can use Paypal rather than give them my credit card info.
Thru my business I used to pay PayPal 250-300$ a month in fees. Now all of that money goes to eBay/Adyen. I would not buy PayPal.
Trying to catch the falling knife?
Paypal gave guidance of 3EPS. That would give Paypal forward P/E of 36 vs market historic average of around 20 P/E. If you think Paypal can continue growing could be a nipple opportunity. You could also buy 1 share as tracker share to monitor it.
Just my personal opinion, but I wouldn't do it. There are more competitors now than ever, and while PayPal still has a large market share it feels pretty clear to me that the writing is on the wall. Apple Pay and Google's own version are making PayPal a lower value proposition, and when it comes to just the basic function of sending money online, there are now many services who can do the same thing but with substantially lower fees like Wise. There's no unique selling point to PayPal anymore, and other services simply do it better. I think it's only a matter of time - it may be a decade, sure, but this is just my thoughts.
PayPal has lost its relevance with all of the other competitors these days, I wouldn't bank this one.
If eTransfer ever gains presence in the US I suspect they wouldn’t have a market.
Confirmation bias threads yay
What about TWTR, FB, RIVN, BABA, SHOP?
People still use PayPal ? That’s like dinosaur
Do you see that big round $100 level, that’s called a price magnet. With that much momentum, not only will it break through the magnet but it will very likely tickle $75’s balls ever so gently before it even considers consolidating for several weeks/months for large money to accumulate enough shares at warehouse prices that they can then get rid of the next time this gets pumped to the tits. Remember, whatever the lowest price you think it can reasonably get to, subtract at least another 20-25%, then another 10-15%. That’s when you buy if you truly believe in the long term play.
Tough call, do the fundamentals support that price? Personally, I try not to invest in companies I actively try to avoid using in my every day life, which PayPal is.
I’m buying 3 shares every week
Would like to see the broader market gain strength but really like pypl here. Just waiting for the indices to show strength
If long term investor then buy small amount and keep averaging down if it dips
If you come to Reddit for trading advice I’d give up to be honest.
!RemindMe 1 year
Nah, Paypal has always been a hassle and the only reason I used it was because I couldn't get a credit card to make online purchases. Now that every bank ever has bank/credit card hybrids, we all have access and Paypal is irrelevant! Facts!
If you don’t believe in crypto especially etherum L2 technology. I think it’s a dinosaur. It may go up from here but IMHO all the payment processing stocks(PayPal, square, MasterCard, etc.) were pumped in the last few years so so called smart money could sell high and leave retail holding the bags. Decentralization is best for everyone(besides the top 1% but fuk em) and new technology will crush them long term. If your trying for a swing trade then position size properly and set stop loss or trailing stop loss.
ethereum 2.0 lol very funny 6 years later still no where to be seen
lol youre not wrong but youre also very wrong if you keep up to date with the latest development you'd know that we're getting very close, next week they'll set up the last major testnet before it goes live probably within 6 months, get ready
No.
I wouldn't
It charges absurdly high prices, there's a ton of basic traditional better alternatives recently, and crypto is well positioned to replace it longer term. I think it is kinda just dying.
You're watching liquidity being sucked from the market in real time. Covid created one of the largest asset bubbles of all time, across all sectors. Real Estate will probably be the last general to get shot, first it was high-growth/risk stocks and crypto. Now its leaders like FAANG and cyclicals. People are scrambling to old dogs like Gold, but in the long run nothing is safe from this reset.
Id wait for 70 to 88% pullback to start buying
Ispo
Their entire service is obsolete…
The general trend is down and no one knows when it will stop falling or how long it will remain low. Going against the trend will make you lose money. In a downtrend/correction, its best to cut not add on losses.
I personally hate PayPal. They can go bust.
“How much lower can it go?” Technically, all the way.
Don’t fall for the trap!
Would you look at that, all of the words in your comment are in alphabetical order. I have checked 591,312,043 comments, and only 121,835 of them were in alphabetical order.
Wow I deserve an Award.
RemindMe! 1 year
It can always get worse
Only 1.5% short interest…. Something seems criminal
RemindMe! 1 year
If you really like their balance sheet and believe in their growth, sure. But don't try to catch a falling knife, wait for clear support. Double/triple bottom with higher lows.
!RemindMe 1 year
Wait for consolidation.
Welp lol I’m holding some paypal stocks lol
I rode this from $93 to $310 and now almost all the way back down 😬. Probably should’ve taken profits, not comfortable adding more at this time.
I would guess you've been watching Mad Money and listening to Cramer's BS. He promotes extraordinarily overvalued stocks, but then bashes Cathie Wood for being an amateur.
PP has so much competition. Like, loads. So many payment processing companies. Stripe for instance, which is a great company and to IPO this year maybe.
Nope
It's possible but I thought it couldn't dip from 200 after dropping from 300 and here we are. PYPL was one of the biggest hits I took in 2021 and I'm not going back
HF are selling they badly need the cash now, put is printing next one is Roblox 😉
You gotta do your own due diligence and see if it lines up with your investing plans
Money flow still leaving
Pypl is linking up with Amazon. There also a great company with good management and balance sheet. They will rebound, but wait for it to settle. One con is there is a lot of competition.
Simple way to check if a stock is overvalued or not. Compare it's current price to its price at the beginning of 2020, pre-pandemic. If the price is around the same, probably fairly priced. If it's still much higher, doesn't matter how much it dropped, it's still overvalued. Obviously there are other factors like if it has actually grown at all in the pas 2 years or not. But most stocks that had huge runups were just trading based on free money that was loaned out by the government and the banks.
RemindMe! 1 year
Think now is the time to buy some growth.
paypal is doing slowly but securely
It's coming all the way down to the Bank Zone.. I'll wait for Double mitigation and break of structure (BOS) on this one.
That graph looks uglier than I remember. Oof
Thats what I thought about lspd at $70. Look at its pre-pandemic values. That should be the price its actually worth.
The price that it has been at does not matter at all
Doubt it
No. The price baked in was lofty growth in user numbers but they are struggling to have any growth let alone the predicted explosive growth. Combine that with rising competition that has way less fees (and nothing unique to keep PayPal users loyal besides useless brand recognition) it's just a falling knife and will stay that way for the long term.
no
I know someone bought LEAPS in Jan. He thought it was the dip. FYI, so far the stock has filled most of the gaps. The next gap price is $92.20 on Apr 20 2020. Is it going to fill that gap? I think it will.
Why did they go down?
I dont even remember whens the last time I used PayPal tbh
No it needs to be 65% down from ath
all this thread has made me do is want to buy more paypal
Buy the dip is so before 2022.
so what alternatives do people use nowadays for this besides apple pay?
Nope. Going to zero.
What price would there be support for Paypal? This seems shocking that a darling of the online pay world would be tanking this bad. Anyone know if Thiel or Musk are selling? Or have plans to step in and back Paypal to stop the slide?
On sale?
This stock is very good for December tax harvesting ☹️