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

From Bamboo Shoots to Green ... The Chemical Brothers Are Ga...


This website is intended for educational purposes only. | © 2022 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site