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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.13

+0.1%

Dec 4 3:59 PM EST

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To: Stewart Elliot who wrote (1271)	1/1/1999 11:19:00 PM
From: Ricky Rydell	of 7772

I estimate about 25% of the auctions are now 14 days, thus increasing the numbers. An equal number of Pre-December 1 week ones would be around 750K I would think. I have not done a 2 wk myself because I find them annoying, but I have been seeing more and more of them. That's just my estimate, though it is difficult to tell. As for the float, my guess and it is just a feeling, is that it could quickly go to about 7.5 million (<25%) I don't estimate too much more than that. 2 million or so of the underwriters and the rest from some insiders. From my past experience on owning stock options, any insider with a considerable number of shares and a stock at over 100+, would be foolish not to consolidate some earnings on options that cost pennies or single digit dollars. Here today and gone tomorrow in the frenzy, especially if your stock price is based on you being early before the competition arrives. Then whatever happens in the future, no sweat, no matter. The competition is arriving, but at the same time no-one is dumb enough to sell all at once.

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