Your wildly optimistic predictions for EBAY may never be met. Why would I, as a rational investor, pay an exorbitant price for future possibilities, and take a huge risk with my money?
As another person here has said, if you're going to speculate, do it cheaply. The trick is to find a stock that other people haven't found yet, which has a low price. Buying EBAY at this point in time is definitely not a bargain.
The only thing supporting EBAY's price right now is the belief of people like yourself that it is actually worth the current price.
Other people are reminded of financial manias in the past, like the absurd prices paid for biotech stocks some years back, the pre-crash boom in the 1920s of radio stocks, the exorbitant prices that railroad shares once were at, the Dutch Tulipmania, etc.
All of those bubbles eventually popped, financially wiping out large numbers of people. Don't get trampled in the stampede when the bulls panic and all try to get out of this stock at the same time.
As I said on another thread, "The stock markets are based on the Greater Fool Theory, which says that someone will be a greater fool than you, and buy your shares for more than you paid for them. But why would someone do that? Do you think that strangers have some sort of obligation to buy your shares at a price anywhere near what you paid for them?" |
