V - The Day PayPal Turned Into PayFall

• What a day Feb. 2, 2022 was for PayPal, with the stock posting the largest single-day percentage decline in its history.
• For years, we thought that PayPal was too expensive. To a large extent, we still do, even after the stock has shaved almost 70% off its all-time high.
• Nonetheless, when a stock, especially such a large-cap stock, is losing that much value, it automatically gets our attention; if not for its fundamentals, then (at least) for its technicals.
• Do we like PayPal any better now compared to Feb. 1st? Not really, but we surely do like the opportunity to hit the "volatility iron" while it's (super) hot!

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