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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.49

-0.3%

Nov 26 3:59 PM EST

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To: Y2k_fan who wrote (4484)	8/4/1999 11:02:00 PM
From: Tradegod	Read Replies (1) of 7772

I entered EBAY today via some August out of the money calls. My rationale was more contrarian than anything. The stock has not had a meaningful rally in months, and the short position has been growing. I further was advised of a technical bounce coming in the nets yesterday. Clearly I missed it today, however EBAY dropped 5 bucks in the last hour. Sentiment is very negative for the whole sector right now. How much lower we go is anyone's guess, but if I was short, I'd have to be eyeing an exit point while the momentum is working for me. You end up hanging on to make a few extra points, and when the others start buying, you can lose 10 back in a hurry. EBAY probably has the most potential for one of those runs given it's float/short ratio.

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