Savvy Trades and Investments

[Bobwins]

PYPL +.62 to 74.11 bought Paypal about a month ago at 64.10. Just bought a few more at 73 yesterday. Also bought 6/21/24 Leaps with $70 strike in June. Bought at 8.85 and sitting at 15.025 today.

Paypal hit a pandemic high of $300+ as everyone stayed at home and shopped online. That has faded and many felt Paypal was done. I think it still has some life and is trading at moderate levels for such a big company. Didn't get any love due to shrinking margins, although still profitable. They have exchanged the margin for growth from Braintree, which licenses the third parties. Paypal also has Venmo for future growth. I still use Paypal when I order online. That way I don't have to give my credit card number to every retail online store that may or may not protect my file and info. Also use it to send money to friends.

Don't think we are going back to $300 soon but I think $120 is a good target by next June.