I know. For an example, let's take Apple. Apple closes at $104+ the day before earnings is announced. After earnings announcement Apple drops and closes at 97.82 a drop of 6.25%. Now let's look at PayPal.... Great, I mean Great numbers for this economy and do we go up 6.25% (we would be trading at $2.50+ positive if we did) no instead we hover around $1-$1.25 not even a 3% gain. I tell you I guess I just don't understand what investors are looking for in the market right now. One saving grace is with these numbers it becomes more and more important for any possible takeover by VISA or AMEX or whoever to get it done sooner than later because later is going to cost them even more than it would now.
If Facebook, Amazon, or Apple (ha ha Apple) had hit and surpassed all of their "numbers" like PayPal did, and has done for all three quarters we would be experiencing 10%+ price adjustment higher. 3.5% today is good but it does not reflect what is truly going on with PayPal. Something (someones?) is struggling to keep this stock price below $42. Who? What? Why?
Methinks that we are seeing an attempt by the market to shake loose some shares before next quarter results are in. How else to explain a lower stock price but with only a third of the daily volume playing out. I think it may be time to buy just a few more shares.
Why did I say ApplePay three times? Like the movie Bettlejuice and Sheldon's knocking on "The Big Bang", I was hoping that if I said ApplePay three times it would scare nervous investors into selling their share of PayPal. You see, I want to buy some more shares of PayPal and thought this the easiest way to get some cheap!