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Technology Stocks : Ebay in Peril? Sniping at fault.?
EBAY 81.31-2.9%Oct 31 9:30 AM EDT
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To: SBerglowe who wrote (21)9/30/2002 7:58:51 PM
From: Bill Jackson   of 72
 
SB, Well, ebay is not well suited to liquidations unless the seller sets a price he will accept at the start of a dutch auction. That way he can sell a number if items and get his minumum.
If the market absorbs the lot and then starts to bid it up it will lift off the minimum, who knows how far.
One at a time is too tedious for any kind of volume liquidation.
It looks like a case if inappropriate use.

Now the summer is a dead period and couple that with sniper tech and you really cut down sales and prices.

of course, many techie users were IT people and in the business. Many of those people are battening down the hatches in case they get laid off/fired, they want to be able to live on their resources. That may lead to part of the decline as well.

Ebay will probably fall to $25-35 in October. Rising sales will help it in Nov Dec and into the new year as the winter shut in people start to buy in November.

Bill
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