Hubert Senters here.
Let’s take a look at eBay versus PayPal. Today, PayPal and eBay are breaking up in terms. They’re going to use a different pay provider so you can do a negative payer’s trade.
All a payer’s trade – payers usually like think of AMD and Intel. That would be a payer’s trade and usually, if you have a winner you have a loser but AMD and Intel kind of trading the same basic direction.
This one would be a negative payer’s trade because eBay is going to skyrocket because they’re going to save $2000000000 by cutting PayPal loose and using this other data or this payment provider and then obviously PayPal should be going negative.
Here you can see PayPal gapped up $14.9% or up $6. Let’s take a look at PayPal, PYPL and yes, it’s gapping down. Although, it’s not gapping down as bad as eBay is gapping up so I would look to short PayPal.
I would assume that PayPal’s volume is tightly tied to eBay so if we can get PayPal to break below the cloud around $72.97 that would be a good short in my opinion.
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Good luck. Hope it helps. I’ll see you on the next video.
Hubert.
