Jul. 20 at 10:52 PM
$PYPL buying the dip has definitely been his forte 👀
Back on 3/13, Rep. Byron Donalds stepped in and bought roughly
$30K of PYPL near its 9-year lows.
Why is this getting attention?
Just four months later, Stripe and Advent International reportedly submitted a buyout offer valuing PayPal at more than
$53B, sending the stock sharply higher on the news.
The position is now up around 25%, and for those who followed the original trade idea shared on 6/10, the move is closer to 38% gains.
Timing the exact bottom is nearly impossible, but buying quality names when sentiment is washed out can create some interesting opportunities.
Always worth watching where conviction shows up before the crowd.
Time to review the session. Calling it a good trading day? Until tomorrow.
