What I Am Buying Today.

[fenders53]

(11-09-2021, 11:15 AM)vbin Wrote:

(11-09-2021, 11:07 AM)MrFortune Wrote:

(11-09-2021, 10:56 AM)vbin Wrote:

(11-09-2021, 10:51 AM)MrFortune Wrote:

(11-09-2021, 10:46 AM)vbin Wrote: PyPL down again. Valuation matters and it matters a lot.

Tell that to RBLX which is up $27 with no earnings 

PYPL will reach $300 again. Great buying opportunity to get in here. 40 PE for a growth stock is not expensive for one that's growing like PYPL. Compared to most tech stocks it's cheap. Have to buy the good ones when everyone hates it.

I am not the one buying rblx. I shorted it a while back and made money.

I didn't say you owned it. I was just pointing out you have names like RBLX who's making a negative $1 and change and it goes up $28 lol

PYPL is making a ton of money and the story will only get better moving forward. Out of all the tech stocks; I will own PYPL over many others.

That reminds me of what Grantham said, just becouse 1 thing is utterly over valued, are we gonna take that to justify something else which is less utterly overvalued? Not saying PayPal in that situation, but it was. It still is overvalued given the competition they face from some new names stripe, affirm, after pay( I think square bought them). The space is getting crowded.

I agree the space is crowded and I expect some M&A soon.  The targets are expensive though.  PAYPL will navigate it.  

We don't disagree on valuation, but most of us have ridden some of these horses higher.  Bull markets are fun.  The whole trick is to control yourself and keep your port allocations right.  You'll never catch me with a port half full of 50 PEs.  I tried that 25 years ago and I didn't like the ending.  I follow a lot of youtube pages, mostly for entertainment only.  Even with the market at ATH, there are a LOT of content providers and fans that have lost half their account this year, or worse.  I have been following some just to watch the meltdown.  Making big bucks to lead rookies to their slaughter.  Famous only because they jumped on TSLA and a couple high flyers last year.