$PayPal (PYPL.US)$ Definitely a buy. I think it's funny tha...

$PayPal(PYPL.US)$ Definitely a buy.

I think it's funny that when a stock is extremely red and had a sharp pullback, people start questioning if they should buy as if they're going bankrupt, I can tell you for sure if PayPal was at 270 to 290 right now, the same people would be thinking that "I think I'll wait for a dip or correction to 260 before loading up for the 300 rocket".

But when they retrace 25% in less than a month, all the bears starts to come out with "absurd PE" "overvalued" "terrible company" "300 is a pipe dream" when they were the one singing "fintech giant" "blue chips" at ATH.

Like it or not, PayPal is still used worldwide and is international, they're still the giant with fundamentals unchanged, you see them everywhere you go, you don't hear about Square outside of America, don't you?

They might be slow in their trend setting or keeping up but they're undoubtedly in the best position to take advantage of their moat despite multiple competitors around.

IMO it's an overreaction from the lowered guidance and on top of the recent PINS rumor selloff, zoom out the graph, this is not the first time PYPL fallen 50 points only to rebound to ATH.