computerboy
|
posted on February 21, 2002 12:25:47 PM new
I do not include myself in the group of experts. If you view my posts, you'll find that I present my opinions as opinions, rather than fact. I also use words like "may" instead of words like "will".
Paypal has fallen in value and I agree with you that the 54% initial gain was excessive. That's why I sold off some of my position. However, I believe it would be a bit dangerous to assume that it will continue to fall at current rates. There's probably a long line of folks that have shorted this stock and there may end up being a float imbalance for all these positions to be potentially covered. This could create an artificial suspension of the stock price, to the detriment of the weaker short positions.
|
blairwitch
|
posted on February 21, 2002 01:29:45 PM new
The stock dropped -2.81 (-15.77%) today making the 3 day loss -27.27%
|
mrfoxy76
|
posted on February 21, 2002 01:53:04 PM new
was a brutal day on the market even more brutal for paypal
|
mballai
|
posted on February 21, 2002 05:25:34 PM new
Well the whole market is down, but as PayPal is getting near to the original IPO price, my guess is that it will dip below IPO within a few short days and never recover.
I also suspect that PayPal will be the dotbomb of 2002. Unless you are using some site other than eBay, there's practically no reason for it whatsoever.
|
blairwitch
|
posted on February 21, 2002 05:30:50 PM new
Rumor has it ebay will ban all paypal advertisements from their site. I hope they do because they clog up auctions, and look terrible. The stock is expected to dip further tomorrow as news was reported eBay will push billpoint.
|
revvassago
|
posted on February 21, 2002 06:51:32 PM new
Down, down, down she goes. Where she'll stop, nobody knows!
[ edited by revvassago on Feb 21, 2002 06:51 PM ]
|
twinsoft
|
posted on February 21, 2002 07:47:20 PM new
blairwitch,
PayPal could not be reached for comment Thursday morning.
Apparently MSNBC couldn't find Paypal's support number either. LOL
|
mrfoxy76
|
posted on February 22, 2002 07:21:15 AM new
down down she goes where she stops nobody knows
|
mballai
|
posted on February 22, 2002 08:10:40 AM new
Under 14 and going down....
|
mrfoxy76
|
posted on February 22, 2002 08:15:07 AM new
the fundamentals of the company make it a single digit stock. i am not expert nor proclaim to be however how can you possibly value of a company high who have never made a buck since day one and continue to lost lots of $$$. just my opinion the market will show otherwise perhaps.
|
stopwhining
|
posted on February 22, 2002 08:29:16 AM new
just heard priceline.com will be coming to ebay,this could be one reason ebay wants full ownership of billpoint .
bank credit card processing divisions are slow in grasping how e commerce works,especially a fast pace cyber auction.
|
LaneFamily
|
posted on February 22, 2002 09:22:53 AM new
"My short kicks in the 16's and covers at 13, 10, and 7."
So you covered yesterday and already today youwere .08 away from covering again. Hell the way it is going you may cover the $10 later today.
Jim
I was not smart enough to make money on this but I was not dumb enough to loose any either.
|
SNOOPNETDOG
|
posted on February 22, 2002 09:37:31 AM new
Cracks me up all these people claiming to short Paypal. No one is shorting paypal as SEC rules prevent shorting any IPO stock for the first thirty days. So please people quit telling stories 
|
mballai
|
posted on February 22, 2002 10:11:51 AM new
It's now below $13, almost hearing the air come out of this overly inflated stock.
|
mrfoxy76
|
posted on February 22, 2002 10:18:51 AM new
i will guess 2-3 and it will stablize at that
|
blairwitch
|
posted on February 22, 2002 10:35:24 AM new
At 1:17 pm the stock is down -2.11 (-14.06%)
|
professorhiggins
|
posted on February 22, 2002 11:16:51 AM new
I was just thinking about this situation and
perhaps Paypal could come up with a new
slogan if the stock continues to drop.
"100 pennies in 100 days."
(Apologies to Meg for any liberties I may have taken)
|
REAMOND
|
posted on February 22, 2002 01:36:08 PM new
The only IPO stock that can not be shorted is stock that is transferred with restricted ownership, such as employee shares.
The shares bought on the open market can indeed be "borrowed" for shorting.
My first cover kicked in today.
|
mrfoxy76
|
posted on February 25, 2002 08:41:21 AM new
down she goes again its an up day on the market and paypal keeps on falling
|
quickdraw29
|
posted on February 25, 2002 09:31:58 AM new
"I also suspect that PayPal will be the dotbomb of 2002. Unless you are using some site other than eBay, there's practically no reason for it whatsoever."
That's absurd. I just had 80% of my buyers send me their payment via Paypal, and you suspect Paypal will go under this year?
When people are asking if they can send money via Paypal, that is a reason to accept it. I don't get people asking if I accept C2it or anything else. That is a good reason to invest in Paypal.
And how can the competitors like Billpoint and C2it be a threat when users like me can't even access their systems?
Paypal works, it's cheaper, and it is established. The stock price may go down some as IPO's tend to be overpriced initially, but it makes a great long term investment.
[ edited by quickdraw29 on Feb 25, 2002 09:35 AM ]
|
classics
|
posted on February 25, 2002 10:11:15 AM new
I think Paypal will bottom out around $3.
The shorts should give it some good action then.
|
mrfoxy76
|
posted on February 25, 2002 10:21:54 AM new
quickdraw29 the market look at earnings etc. paypal does not look like it will make any sort of buck in the distance future and with its terrible customer service is losing alot of customers also
|
REAMOND
|
posted on February 25, 2002 10:52:07 AM new
I may completely cover at $10 and start buying at $7 or $8 a share.
I still think there is a premium to be had from Paypal by another company buying them out.
There is NO WAY credit card companies would allow Paypal to go belly up. They would love to buy them and get that customer base.
eBay might even enter the bidding if they thought someone else was going to snap them up.
|
quickdraw29
|
posted on February 25, 2002 01:14:21 PM new
"the market look at earnings etc. paypal does not look like it will make any sort of buck in the distance future and with its terrible customer service is losing alot of customers also."
The market also looks at future earnings. Paypal's earnings are growing at an outstanding rate, especially now that they stopped giving free credit card acceptance.
I don't know about horrible customer service, I never need to contact them. I belive you mean by "bad customer service" when you email them and get a preformatted reply. They're simply using technology to keep costs down. It's nothing new. Major companies have been doing this for years. Maybe you didn't know you can call Paypal and get live support! You need to be more specific, but anyway, in a competitive price market, companies always will look to technolgy to address customer service.
Not many people will leave Paypal because of customer service problems. A seller can offer c2it but if buyers aren't signed up, what's the point? They won't switch because of a problem you had with Paypal.
|
mrfoxy76
|
posted on February 25, 2002 01:22:28 PM new
i dont mean by they send you a standard email response. i mean when there is a problem with fraud they do not help you out whatsoever i am speaking from experience here read the boards. also they are not regulated by anyone paypal chooses to treat its customer whichever way it wants and there is ABSOLUTELY nothing you can do expect leave thats of course if your funds are not locked up.
|
quickdraw29
|
posted on February 25, 2002 02:32:52 PM new
Paypal does have a system in place to help you in instances of fraud committed against you.
They will freeze your money while they investigate a reported fraud against you, however. That is standard procedure. It's not fair to an honest person but would you expect Paypal to hold your hands while they investigate you for an alleged crime?
|
