PYPL
- Thread starter ET180
- Start date
Well the bubble may have stopped inflating, but we are a ways off from a pop.
A pop would be giving us a 2-sigma event, which we are due. On the flip side, we may avoid this by carefully going into a very long bear market until corrected. So perhaps it's our turn for THE LOST DECADE (or two). Now you'll know what it's like to be Japan. Haw!
Whatever happens, enjoy the ride down, we are traders not investors.
A pop would be giving us a 2-sigma event, which we are due. On the flip side, we may avoid this by carefully going into a very long bear market until corrected. So perhaps it's our turn for THE LOST DECADE (or two). Now you'll know what it's like to be Japan. Haw!
Whatever happens, enjoy the ride down, we are traders not investors.
Best post of the week esp re FB TSLA
Lol re metaverse #epicfail
I may nibble pypl > 142
One app I'm bullish on is tiktok
180 was not a support.
When you posted your first post,
PYPL was taking a break / rest at 180.
Then it continued its downward journey.
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Taking a break / resting in Nov / Dec means that support was holding up until it broke through. It was established as a support level based on price action from the previous year. 180 served as resistance back in July of 2020, broke through it later that month, held as support in September and again Oct - Nov of 2020.
Nice bounce trade. I love to grab these type for a day trade (sometimes two day) after a huge drop. Facebook is the only one I shy away from a bounce trade (I refuse to call it Meta).
btw..PayPal will be kinda hard to short in the near term cuz a couple of large hedge funds have been mass selling puts and, at the same time, floating fake buyout rumors. Same with Pelton. Fake buyout news and leaked earnings seem to be the new norm rn. Fed and SEC will keep allowing it if the rumors and fake news helps to stem the big drops in tech. I seriously doubt anyone will eventually buy these pigs. So shorting opportunity may be pretty nice in both after a few weeks.
We live in a new paradigm (again).
In 2017, when your shit-penny stock (pink-sheets) company needs a boost to make up for dying earnings, you just throw in the name 'crypto' (or variant thereof) somewhere in the company title or ticker, and magically stonk goes up (for a while).
In 2000 bubble, every shit-ass losing stock rebranded themselves as a 'DOT.COM' company and again, magically stonk goes up (for a while).
2022, let's rebrand to 'Meta' this or 'metaverse' that to boost stonk and make up for shit earnings.
I got news for you, this meta-shit historically, is unlikely to end well.
In 2017, when your shit-penny stock (pink-sheets) company needs a boost to make up for dying earnings, you just throw in the name 'crypto' (or variant thereof) somewhere in the company title or ticker, and magically stonk goes up (for a while).
In 2000 bubble, every shit-ass losing stock rebranded themselves as a 'DOT.COM' company and again, magically stonk goes up (for a while).
2022, let's rebrand to 'Meta' this or 'metaverse' that to boost stonk and make up for shit earnings.
I got news for you, this meta-shit historically, is unlikely to end well.