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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.56

-3.3%

3:59 PM EST

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To: paulmcg0 who wrote (4505)	8/5/1999 6:13:00 PM
From: Nelson Chang	of 7772

>>>I guess you have never had the term "sucker's rally", where a stock in decline makes a brief turnaround, but the long term trend is down.<<< I don't care how experienced you are in this market, there is no way to tell if this is a "sucker's rally." Maybe it is, maybe it isnt. We have the downtrend on the dots, we have the employment number tomorrow, we have the bounce from today's intraday. Too ambiguous. We need: 1) the employment figure tomorrow. 2) to see how far this rally takes us. If it fails to reach any significant highs, then it's nothing more than a failed rally - which has suckered in many traders. It could, OTOH, break the downtrend. There is just no way to tell from just one day today. So those of you calling the other wrong is just unwarranted. There is no way either side could possibly know if they are right. Most likely, we won't stay at this level for long. Today was a good day to straddle options - if you could find the right hedge and a low premium.

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