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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.13

+0.1%

10:40 AM EST

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To: Timoteo who wrote (1565)	2/4/1999 3:26:00 PM
From: Howard Hoffman	Read Replies (1) of 7772

Timo, I agree with your interpretation. Yesterday (Wed) was a scary day for shorts, but there was minimal volume. This has been also true (low Vol) for the down days. Today, Thursday, there were more EBAY shares traded in the 1st hour than all of yesterday. Last time I checked, EBAY was down 30 pts on >3Million, which is nearly 2x average. In addition, there is an hout of trading left. I still think this stock is at least going down to 234 to close the gap. Let's see how EBAY closes today. If it closes at the bottom for the day, especially with a fade at the close, then I think she is headed down quite a bit more. If the market makers or whoever can keep this baloon over 250 at the close, then it may not go significantly below 234. All just my opinion of course.

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