How much do you pay for an IPO? Here’s your trade on PayPal Holdings (PYPL) (March 21, 2016)
PYPL
I want to look at PayPal ( NASDAQ:PYPL ) here. Over the weekend and the last couple weeks I’ve been talking about PayPal ( NASDAQ:PYPL ) and a few other IPO’s because they’re are really starting to perk up. This stock is very close to it’s all time high of 42.55. Once this stock starts closing above 42.55 then everybody is a winner. Everybody who has owned this stock is now winning. We all love winning, and so there is not going to be a lot of resistance from traders who are saying, “Finally I get my money back. I need to sell this stock.” So I think this stock is a stock you can buy right now. And then IF the stock starts trading at new highs then go ahead and buy some more. This has been a pretty good IPO, depending on when you bought. You can see how, when they’re initially released they will ultimately trade down, and this is what this did. It didn’t do it as bad as Facebook ( NASDAQ:FB ) did after it was first released. This is climbing and I think that it’s something you can be buying right now. Free Chart