Paypal back in?
Figures are out and give hope...
After Paypal was driven through every village and punished, I decided to enter the turnaround trade at just under €50 and bought my first positions. I will continue to hold these and would like to see at least another $90 here.
Today, Paypal delivered its pre-market figures for the first time in a long time. The market took this as a positive signal.
PayPal Holdings Inc.
missed analysts' estimates of $1.22 in the first quarter with earnings per share of $1.08. Revenue of $7.7 billion exceeded expectations of $7.51 billion.
Although profits fell short due to higher expenses, sales and expected users were exceeded. As a result, the forecast for Q2 has been raised, which the market naturally takes very positively.
I wanted to take this gamble and therefore bought a certificate with 16 leverage yesterday. A total loss was possible and I would have accepted it. Compared to the portfolio, it was a very small amount. Today I sold it immediately at +8%. Although still pre-market on the US stock exchanges, I want to take out the risk here.
Bought at €0.39 and sold at €0.86 is just under 120%.
What do you think about PayPal? Do you think that Paypal has turned the corner and is now gaining strength again, or is it just a short breather before the coup de grace?
