Why now is time to buy EBAY

As i write this my portfolio is down for the second day in a row, this week is not a good week however i have added 2 new stocks to my portfolio and i feel rather excited about the future of both, today i will explain why i am excited about my $56.55 buy of EBAY.

I would first like to point out i know i paid a premium for this stock and admittedly the day after i bought my 250 stocks i turned on my pc after getting home (around about 3:50) to watch the ebay stock slump, yes Monday i watched my new investment fall and at first i doubted my long term commitment, but then a Mr. Warren Buffet's words reached me and reminded me not to worry about the daily fluctuations of a stock if i was in it for the long run and indeed i am and here is why.

EBAY owns PayPal  yes my whole buying of this stock is based on this one fact but i consider it to be a massive fact. The reason for this is that PayPal is firmly built into the backbone of the internet and if you go to buy something online the chances are there is going to be a PayPal selection, PayPal is the easiest and safest way to make purchases online and as consumer trends grow more and more in favor of online shopping this will come into its own even more, soon websites and people will be more reliant then ever on internet shopping and sitting behind this will be EBAY with PayPal, many big online sites all offer PayPal as a method of payment Facebook (market cap of  $66.8 billion) Amazon ($118 billion) as two examples, if both of these websites use PayPal then why should EBAY's only be $73 billion.

In a way then i have not bought stocks in EBAY nut instead have bought stocks in PayPal, i see no point in the future of this business just disappearing but i see it instead of growing from strength to strength as more and more purchases are made through PayPal, PayPal is already recognized world wide as a service of payment provider and it is unlikely that any company is suddenly able to take over from EBAY.