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 85.36+1.1%Dec 12 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: fedhead who wrote (6075)11/3/1999 7:15:00 PM
From: KeepItSimple  Read Replies (2) of 7772
 
>Where do you think their auction counts need to be before their next
>earnings report date for Wall Street to take notice again ?

forget auction counts. it is as bogus a number as "hits" were back in the beginning of the internut mania. the only thing that matters is how much money per customer flea bay is making. (or losing, if you subtract interest income from their cooked books)

Yahoo now has 30% as many auctions as Ebay, starting from ZERO just a year ago. Scamazon is nipping at Ebay's heels too.

Ebay currently has a PE ration of 14,000:1. They are the reigning champion of overvaluation. And not surprisingly, the list of insiders lining up to dump shares RIGHT NOW is as long as my arm. Even the original VCs are dumping the vast majority of their positions. Did you see the SEC filing last friday?

In short, Ebay is done. Stick a fork in it. Short to zero, and never cover.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext