Today, I initiated a long position in Ebay (EBAY). This is due to the fact that I find Ebay to be undervalued because I believe it is underestimating how good this holiday selling season will be. More importantly, the Paypal spin-off in 2015 is going to provide shareholders with a power stock. Paypal, in my estimation, is going to be the hottest payment system stock to hit the market since Mastercard. I see shares of Paypal being a crown jewel in a portfolio so I wanted to make sure to get my position secured now.
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