REAMOND
|
posted on February 19, 2002 09:54:47 AM
Paypal stock down $1.48 to $18.61 on 2-19-02.
Those that took their profit in the $20s on the first day peak can now buy it back and still reap a tidy profit.
Paypal at $12 within 30 days ?
|
petertdavis
|
posted on February 19, 2002 10:12:13 AM
This is definately a stock for the people who didn't learn their lesson when the internet bubble burst last year. I'd ask anyone who thinks this is a good stock to add to their portfolio to explain to me what their price to earnings ratio is before buying. 
|
mrfoxy76
|
posted on February 19, 2002 10:22:45 AM
pretty awesome if you got in at the ipo price $13 sure it will be a little time before it hits that level. all the smart money will be out of paypal already and moved into something else.....wish i was one of the ones who got it at IPO price and sold within hours of opening............i can all but dream
|
mballai
|
posted on February 19, 2002 10:37:47 AM
Well I don't think this is a PayPal scene as the market overall is dipping right now. I do think it will drop to a more realistic amount regardless unless someone can hype PayPal's biz enough to bring it up past 20 again. Personally I think PayPal is only worth maybe $4.00; it was already hyped as an IPO.
|
REAMOND
|
posted on February 19, 2002 11:15:25 AM
You have to part of "the in crowd" to get an IPO at its opening price.
|
mitch3
|
posted on February 19, 2002 01:21:14 PM
They only lost 89 million last year.....?????
|
blairwitch
|
posted on February 19, 2002 02:29:13 PM
Paypal ended the day down 9.41%. Like others here I expect it to slowly drop. The people who made a few bucks will dump it.
|
mrfoxy76
|
posted on February 19, 2002 04:07:59 PM
yip the lucky and smart people already cashed in a long time ago
|
YourDesigns
|
posted on February 19, 2002 04:28:22 PM
Actually, if you were "lucky" to get in on the PayPal.com IPO at $13.00, you are not allowed to sell your stock for 30 days. While you CAN, it is more likely you will never get another chance at IPOs in the future because of it and some brokerages will penalize you for it.
There are rules to IPOs and there is that 30 day period before they release you from your obligation. So, if PayPal.com falls below $13.00 on day 30, people could have lost money on it and would be best to hold onto it in hopes that someday Paypal.com might actually make a profit and make the stock go back up.
|
computerboy
|
posted on February 19, 2002 06:58:01 PM
YourDesigns: The lockup rule only applies to company employees and executives.
I received company directed shares in the Paypal IPO, as an individual investor, and sold some of my shares hours after it opened for a 54% profit. I received my investment cost back, made a profit and still have shares in the market for the long haul.
Most of the company enployees have a 6 month lockup on their stock and they are not able to sell until August.
|
Libra63
|
posted on February 19, 2002 07:10:45 PM
Read this:
The Dow Jones Industrial Average was down 158.21 to stand at 9,744.83, while The NASDAQ Composite fell 54.42 to 1,740.78, below its lowest close of 2002. The Standard & Poor's 500 index slipped 13.76 to 1,090.42.
IBM -3.35 or 3.25%
It looks like PayPal isn't the only one.
|
ahc3
|
posted on February 19, 2002 08:00:48 PM
There obviously is an agenda in this topic. I'm not a paypal cheerleader, but this is only the second day of trading. It still is above initial offering price, stocks falling in price tend to be long term, not day to day, on its 2nd day...
|
REAMOND
|
posted on February 19, 2002 08:13:26 PM
The rest of the market is down because of more "accounting irregularities" are being reported, even IBM has now reported them.
Paypal isn't in the wave encompassing these accounting problems, yet ?
computerboy- you've said several times that Paypal offered you (and other Paypal users) reserved stock in Paypal, was this reported in their SEC filings? How was this solicitation made ?
|
jrb3
|
posted on February 19, 2002 08:25:30 PM
REAMOND I agree with you I was looking overtheir filings and saw nothing mentioned of IPO reserve stock with no limitations being offered to the in crowd.
Makes you go hmmmm
Joe B
|
imabrit
|
posted on February 19, 2002 09:14:49 PM
I got a call from Paypal a few months ago asking if I was interested in the IPO.
They offered this too me being one of the bigger users of the system.
I passed due to lack of funds
Adrian
|
YourDesigns
|
posted on February 19, 2002 09:17:35 PM
computerboy:
I have been in on many IPOs through e-trade and we are not allowed to sell our stock within the 30 day mark and it has NOTHING to do with being an employee as I am not of any of the companies I bought into.
You CAN sell it as I said, but e-trade will mark that against you and not allow you to participate in future IPOs.
I speak from experience when it comes to IPOs.
|
litlux
|
posted on February 20, 2002 06:50:32 AM
Prior to the IPO, I received an email from Paypal offering information on the offering through its prospectus, and as I recall, Solomon, Smith, Barney. I was not singled out, I believe all verified users received the offer. And offering a prospectus is the correct way to initiate an offer of a new stock.
I also received a phone call, about the Paypal IPO, from a salesman at SSB. It is possible that if someone wasn't paying attention, they might have thought it was from Paypal; in any case they also offered to send a prospectus. All very much by the book.
The Paypal IPO happened, and they now have their capital. What happens to the stock really only affects those who now trade it at a profit or a loss. Paypal has their dough, and other than offering more shares in the future, market fluctuations should not concern them as much as figuring out a way to turn a profit.
|
mrfoxy76
|
posted on February 20, 2002 11:48:31 AM
looks like it will keep on falling
|
computerboy
|
posted on February 20, 2002 12:06:30 PM
I'm not sure I understand your note?
The underwriters can care less what you do with the stock after it is purchased. Their job is to allocate and sell the IPO shares and bring the company to market. It's up to the free marketplace to determine the appropriate time to sell, with the exception of any lock ups that are in place for obvious reasons.
It cracks me up... Everyone is a damn expert on this board. I'm hearing a bunch of speculation & opinion without much substantiation.
|
mrfoxy76
|
posted on February 20, 2002 12:12:08 PM
COMPUTERBOY i think everyone was surprised how much the stock went up by specially with a company that has terrible customer service and basically does not care for its customers just growing its customer base. Who knows what paypal will do perhaps they will be bankrupt in a year or two or the stock be at $50 and they making profits. Either way nobody knows.
|
computerboy
|
posted on February 20, 2002 01:06:34 PM
I understand your point. If you refer to my previous posts, I specifically mention the need for Paypal to improve customer service. I'm not at all in a position to defend some of their policies. I also think some of them are wrong, but still see potential for the company to grow if they address these concerns.
My posts have always used rational thought and I have always stuck to facts, instead of opinion. My hopes have always been to stimulate productive discussion about this company, but apparantly it has somehow been misuderstood. If I wanted immature bashing, I could have just gone to the Yahoo! discussion boards. But, my luck has been better here for more rational discussion.
|
REAMOND
|
posted on February 20, 2002 01:16:58 PM
For those of you who said Paypal was down 2-19-02 because the market was down- this PM the market is way up and Paypal is down. JHC Cap Mgt has also issued a short on Paypal.
It does make a difference what a stock does after it is sold. The value of the stock represents the value of the business.
But it has even more repercussions for Paypal users.
Paypal is no longer its own boss. It is now owned by the shareholders and to the extent possible controlled by the shareholders.
There will now be extreme pressure on Paypal to make a profit. And guess where Paypal will look to make that profit ?
Let's see how long it takes before fees are raised.
|
blairwitch
|
posted on February 20, 2002 01:20:16 PM
The stock dropped -2.09% today making the two day loss -11.5%
|
computerboy
|
posted on February 20, 2002 01:44:23 PM
Before we all get excited about how much Paypal has dropped, remember that they were up 54% their first day of trading. Wouldn't it be a prudent move for some profit taking? Even with a two day loss of near 12%, the stock is still up 42%. A winner in anybody's book.
|
computerboy
|
posted on February 20, 2002 01:45:20 PM
Reamond:
Have you taken your short position yet?
|
YourDesigns
|
posted on February 20, 2002 02:45:25 PM
computerboy:
They DO care. The 30 day wait period is to stop people from cashing out on the rush from the IPO itself and help stabilize the stock. Whether you believe me or not, I don't care. I do have experience at IPOs and have been on quite a few of them myself. I don't proclaim to be an expert.
"It cracks me up... Everyone is a damn expert on this board."
I suppose you are including yourself on this one too?
Whether people want to admit it but paypal is WAY over inflated in it's worth and the stock will come back down.
|
REAMOND
|
posted on February 20, 2002 03:24:25 PM
My short kicks in the 16's and covers at 13, 10, and 7.
|
mrfoxy76
|
posted on February 21, 2002 08:06:23 AM
REAMOND
at this rate you will make ALOT
the stock is falling like a rock
|
blairwitch
|
posted on February 21, 2002 09:13:07 AM
Paypal is being sued over lack of customer service, and mismanagement of funds.
http://www.msnbc.com/news/712822.asp?cp1=1
|
REAMOND
|
posted on February 21, 2002 09:55:56 AM
mrfoxy76- I make $3, $6, and $9 per share.The faster it happens the more I make- because I have to pay broker rate interest on the borrowed short shares until I cover. I'm not greedy when it comes to the market, I set profit goals and take them and don't look back at what I could have made. It has saved me far more than what many lose in the market by letting it ride.
|
