mitch3
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posted on February 15, 2002 07:24:01 AM new
Well folks Paypal is trading and up 5.00 to 18.00
Up to 19.30 Anyone for selling short????
[ edited by mitch3 on Feb 15, 2002 08:01 AM ]
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mrfoxy76
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posted on February 15, 2002 07:54:44 AM new
nice if you got in at the start which is very hard....they undervalued knowing it would go up smart move most ipos do that
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twinsoft
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posted on February 15, 2002 08:45:32 AM new
Risky business.
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tomyou
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posted on February 15, 2002 09:01:52 AM new
Bought in at $13 Sold initial investment at $19.50 so everything else from here on out is Pure profit with no chance at a loss. That is Not risky business but good business (or perhaps luck is the better word). I wouldn't leave your initial investment hanging on to long don't take your profit and run but take your investment and leavr the profit. Never forget but and hold does not mean buy and forget ! lots of luck to you all  Glad to make a profit for a change !!!
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mballai
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posted on February 15, 2002 09:18:54 AM new
About the only way one can make any money off of PayPal...
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kahml
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posted on February 15, 2002 09:35:42 AM new
PayPal, Inc. PYPL
Feb. 15, 2002 12:19 ET Market Open
Last Sale: $ 20.98 Net Change: 7.98 61.38%
Today's High: $ 21 Today's Low: $ 15.37
Best Bid: $ 20.90 Best Ask: $ 20.98
Volume: 5,637,600 Previous Close: $ 13
Market: Nasdaq-NM Common Stock
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twinsoft
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posted on February 15, 2002 09:43:30 AM new
This was entirely expected, the problem is, what happens when the bottom drops out? Paypal is risky because it could be wiped out at any time. The offer a service, not a product, and that service is entirely tied up in eBay. eBay could blink and Paypal would be history. Also, the ongoign litigation in several states could affect Paypal's value. Keep your eye on the totals. Good luck.
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mrfoxy76
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posted on February 15, 2002 09:46:43 AM new
awesome if u can get it i tried to buy this morning stock was held on the market due to demand then was at 18 in senconds
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computerboy
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posted on February 15, 2002 10:47:55 AM new
Well, despite all the criticism I took on this board for being a part of the IPO, it has thus far paid off, further demonstrating my point that you never know what can happen with these kinds of stocks. I don't think anyone imagined it was going to be up this much, especially on a otherwise miserable day in the market.
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mrfoxy76
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posted on February 15, 2002 10:55:01 AM new
its now at an awesome position to bet against it going down on margin
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springmoon
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posted on February 15, 2002 11:39:03 AM new
Wait till the analysts start putting this stock on a chopping block. It will be known as PayEnemy.
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uaru
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posted on February 15, 2002 11:58:43 AM new
despite all the criticism I took on this board for being a part of the IPO, it has thus far paid off,
Unless you are willing to call PayPal the spawn of the devil you'll find a lot of arguments. Most don't argue PayPal's merits anymore, it's pointless, they just use PayPal and let those that want to predict the sky is falling to predict away.
The news on CNN said PayPal's debut on the NASDAQ was a "show stopper." I didn't think your IPO participation was foolish. I felt defending your position was foolish. Don't expect the predictions of doom to stop, they've been going for over 2 years.
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computerboy
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posted on February 15, 2002 12:06:59 PM new
auru:
You're a breathe of fresh air...
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mrfoxy76
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posted on February 15, 2002 12:09:42 PM new
interesting to see what happens the volume on the stock is almost alot lower than initial opening.
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LaneFamily
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posted on February 15, 2002 12:14:31 PM new
I'm not a big stockmarket person but I see now at 3:12 edt that 7.964 Mil shares traded. I thought 5.4 was the offering. Lot of short timers there.
I am happy for the early ones. I do feel sorry for the ones holding when it goes down.
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computerboy
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posted on February 15, 2002 01:07:28 PM new
With a 54% gain in one day, the prudent thing for any wise investor would be to sell and take some profits. This is regardless of what company's stock you are talking about. The market hasn't seen anything like the Paypal IPO in 2 years. Now is certainly not the time to be greedy.
I sold off some of my position and made a handsome profit and left some stock for the long haul. I'm covered and have already made my money and will gamble with the rest to see if Paypal can hit a home run. It's the best position in the world to be in. It reminds me of when I was a kid in the market, back in 1999. God, youth is a beautiful thing...
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ahc3
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posted on February 15, 2002 01:15:29 PM new
That is the best way computerboy, get your initial return out of it if possible, and anythign else is gravy.
My brother worked for a dotcom, his stock came out at $26 a share and I purchased it. Within months, it was up to about $100 per share. Today, it sits at around 75 cents. I am glad I took my money out at $60 per share, though I still am left with some pretty worthless stock. Oh well, I am glad I did not lose money on that one like a lot of people did.
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computerboy
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posted on February 15, 2002 02:08:03 PM new
No, you made 100%! A win in anybody's book.
I agree with you in principal. Cover your costs first and then get aggresive. While I'm more than willing to take chances with risky stocks, I'm not fooish enough to pass up a good selling opportunity when I see one. 50+% in one day is a time to sell, regardless of what is thought of the long term potential of any stock.
I'm sure Paypal is going to go through lots of peaks and valleys over time and there will be many opportunities to buy and sell this stock. With the gains seen today, there will most likely be some short positions taken next week. It should be interesting to watch. I'm cheering for Paypal, as I believe their service is valuable to us onlin sellers. They just need to spend some time focusing on important issues like customer service and regulation and they now have the money to hopefully address these concerns.
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mballai
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posted on February 15, 2002 02:16:38 PM new
Money? They are ethically bankrupt. No amount of money will change that.
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