30Mar1:24 pmEST
Who Says the Golden Age of the Mafia is Over?
The PayPal Mafia, that is.
While Rudy Giuliani made his ones with a clever federal "RICO" argument to take down the once-powerful Costa Nostra mafia general decade ago, the famed PayPal Mafia is still very much on the up-and-up.
Moreover, observing the weekly chart since PYPL's IPO/spinoff in 2015, the explosiveness seems to be present on an otherwise slow trading session with abrupt sell programs running on the major averages today.
As I write this, PYPL is still hovering right near session highs. I would much rather stalk this play long than try to bottom fish a now-broken LULU, for example. Despite a changing landscape in Silicon Valley, PayPal's dominance may be set to reassert itself.
More in my usual Midday Video for Members.
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