imo the reason for the pop in ebays and other inet stox rise on friday was the cpi report ,,,but as economists and mm look over the report this weekend they will see that the report is not as begnin as it appears,,and it actually showed a 0.4% rise in intermediate goods which was the 5th consecutive and the highest since 1995,the incereases in inflation will probably be seen on the consumer side and NOT the producer side,as happened a few mos ago with a begnin ppi and big rise in cpi,,the report that really matters to the fed is the employment report and the retail sales,,which were both substantially higher ,,imo if we see a pop on monday use it to raise cash and sell into strength,we may see much better prices,,,
with y2k overblown fears coming alot of people will be looking to raise cash and you don't wantto be out there when everyone is under bidding each other,,i will remain cash until dec or jan,,,
the only way i would buy ebay and take that RISK is at a much cheaoer price,,50 $ is a price i would pay and that is still crazy ebay still has 5 billion dollar cap,
alot of people think that it is a fad,,alot of people think it is a new way of doing business,,i wouldn't pay 98$ a share to find out when i could buy t at 49$ which in 3 years will be 100 $ a sahre imo,and if not 3 years 5 years,, |
