JPM late note to the market on Friday that they see a recession next for the US has summoned up the feeling towards the market and the finance sector this week
Many of these companies have been selling off as a recession will slow down the cycle of borrowing and lending.
$PYPL has not been immune from this and is back deep into the Buy Zone and consolidation phase.
In August I said one thing clearly to this group:
'I am holding $PYPL when the price was at $58 and I will continue to do this while the company is both fundamentally and technically undervalued.'
Very little amount of companies are immune from this markets selling pressure but this is a company that becomes very very undervalued the lower it can go....it does not have a growth issue.
$PYPL I will accumulate.