You may be right, but I've been in the payments business for 13 years. Unless Paypal is able to convince its customers to leave their money in their paypal accounts and start doing paypal to paypal transfers, then Visa and MC still trump Paypal because they own the networks that moves the money on the platforms that consumers have demonstrated a preference for. Again, you could be right, and I definitely plan to buy PYPL when the time is right. Time will tell.
RUSS likely to retest $30 or less
Though we're in a secular bear market, Nasdaq will likely retest 5893, which will crush the shorts as they run for cover!
For seven years the market slowly melted up, now it's slowly melting down. Wish it would just plunge and get the initial leg down over with already. The more it goes down, the harder to get back into short positions at reasonable prices.
Superb long term prospects but Paypal is currently way overvalued. Selling at 2x FCF to revenue ratio of Visa and Verisk, which are even better companies. Brand notwithstanding, since it's a newly minted IPO, we can expect to see Paypal drop 75% from its 2015 high.
My guess is Nasdaq breaks just below 4,000 and bounces strongly back to just below 4,500 and then continues it's collapse bottoming in October and then begins to rally into elections, holidays and beyond...
Nice work! I sold TZA a little early around $60 and have been waiting to get back in. I saw gold stocks were at all time lows but was too chicken to buy NUGT. When do you think the markets will make their inevitable short-term bounce? And at what price are you hoping to get back into TZA?
Between the temporary strength in oil and the temporarily oversold markets, RUSS will likely go back under $30 at which point it will be screaming buy. Oil will resume its long term decline in good time.
I agree. As they have been for 7 years, shorts are overly confident, which means stocks will continue to go up. We need to see the shorts become more fearful with some level of capitulation before they resume their downward slide. And yes, LABD is temporarily way overpriced. Likely go back to 30's/40's.
My guess is Nasdaq retests 5,000 before the market resumes its downward slide. Between now and then XBI should temporarily soar, which should be good for LABU and bad for LABD. LABD is massively overpriced at the moment. Shorts are overconfident and complacent. The next couple weeks should be exciting.
Nope. Made good money trading LABD earlier. Currently overpriced. Shorts are temporarily over confident and complacent, and the long-term secular bear market won't resume it's downward trajectory until the shorts become more fearful.
The stock manipulators behind this one have been partying on shorts' money for 7 years. But you can only escape reality for so long. In 1-2 years this will trading back at $1. Then the shorts will partying while the executives are crying as their wives divorce them. Enjoy. You earned it.
Been planning to get back in at mid 30's. Almost there. Of course they have to manipulate with "sell on the rumor" bs. Highly unlikely there will be unilateral agreements to reduce supply. However, if there were, oil would temporarily soar and RUSS would fall back to mid 20's or lower before soaring again. Russia is toast, only thing I don't like about RUSS is how easy it is manipulated via oil and war.
That suggests short term the bears are overconfident, which is not a good sign to be bearish right now. That said, the VIX barely spiked given the backdrop of collapsing oil prices and all the other negatives that we all know about. I expect the markets to bounce 7-14% from their recent lows before resuming their 1-2 year decline of 40-55%+. It's gonna be a beautiful ride down...