SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : eBay - Superb Internet Business Model
EBAY 82.49-0.3%Nov 26 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug Fowler who wrote ()8/4/1999 6:07:00 PM
From: flish  Read Replies (4) of 7772
 
I reentered (for the 4th time)halfway today at 78. I'm not sure where the bottom is, as nobody is, but this is a game of probabilities. For those with enough risk capitol I believe 70-80 is a great place to enter. EBAY is a leading stock in a leading sector. EBAY is over 60% off its high due mostly to market forces. Its a young company with excellent management who know as much as any management team about a revolutionary technology and its application to our economy. It may see the 60's or even 50's but it may not and might be hard to catch when it rebounds. Hence I'm legging in. The probability of this stock trading over 80 in the near term is high.

For those shorts who are insulting those in my position, here's some history (exact numbers are from memory as this isn't worth pulling out my trading log. So bare with me if I' off my a couple of days or dollars, the point is the same.) Last December EBAY pulled back from the 70's to 50' and shorts were screaming "to 20" in the new year. Some of us sold in the 90's before the new year. In early feb. EBAY pulled back to the 70's and again the dooms sayers were out. It ran to 160. Forget the 200's. It has clearly made a reversal but just as it wouldn't go up forever it won't go down forever either. This is a reasonable time to reenter.

Best of luck to all, short or long.

Preemptive strike to some short who will undoubtedly call me an idiot: If EBAY goes to 0.0 I will still have made over 40 points. I know you already made 100 but that's what makes you so much smarter than idiots like me.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News