With shares of PayPal down a disappointing ~10% since our last purchase on Nov. 15, despite no change in the fundamental outlook (there was a downgrade by Bernstein last Wednesday but we believe the issues raised by the analyst were already reflected in the stock), our next level has been hit and we will unemotionally add to our position.
The CNBC Investing Club is now the official home to my Charitable Trust. It’s the place where you can see every move we make for the portfolio and get my market insight before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.