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Najarian: Cash out of eBay and PayPal

PayPal
Source: CNBC

EBay and its mobile payments subsidiary PayPal began trading as separate entities Monday, and CNBC "Halftime Report" trader Jon Najarian has decided to cash in on both.

EBay shares were up 20 percent this year in anticipation of the split, which was announced September. Many analysts and investors recommended selling eBay, but hanging on to the fast-growing payments company.

Najarian disagrees.

Here's why.