Buying the dip is "probably" his forte
Rep. Byron Donalds invested ~$30K into a stock that is currently trading near its 9-yr lows
Why "probably"?
1. The stock is PayPal -
$PYPL
2. He sits on the House Financial Services Committee (oversees PayPal's industry)
3. Right now they are advancing stablecoin legislation that could benefit PayPal's PYUSD stablecoin business
Firstly, that's sketchy
Secondly, there might still be time to get in since he's down ~7% on the trade