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Technology Stocks : eBay - Superb Internet Business Model

EBAY 87.09

0.0%

Dec 31 3:59 PM EST

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To: JF2155 who wrote (4815)	8/10/1999 6:53:00 PM
From: john douglas	Read Replies (1) of 7772

Thanks Jim, maybe we'll get 91 7/8 tomorrow in which case I'll fill my position, maybe we won't in which case I'll be patient. This is a position trade not a day trade. At this point I like the odds. CSCO tops street estimates by 1c, the huge turnarounds today and Thursday suggest to me the market is testing for a low, prevailing "wisdom" suggests the internets are going lower, and the candles say EBAY is headed back above 100. All good signs. EBAY's technical problems remind me in a way of AOL's busy signals a couple of years ago when you couldn't give the stock away and they supposedly cut back on marketing until they could support demand. This is the kind of problem most companies would die for. EBAY has the cash to buy a fix, and SUNW (we're the dot in dot-com) also has their reputation on the line. EBAY's gonna be OKAY. john p.s. nice trade on CSCO !!! but I already have a full position there so my hands were tied. <vbg>

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