MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote ()	12/16/1999 8:40:00 AM
From: Matthew L. Jones	Read Replies (1) of 19219

Just copied from SI "contrarian" column: A dead fish raised his price target of eBay this morning to $230 from its current price yesterday of about $150. Now you'll all want to know why, of course. It's because he believes that the stock should trade at 105 times its 2005 earnings estimate. Now, I don't see how anybody can say that; I can't possibly imagine more than a 102 or 103 times 2004 estimates. I mean, 105 times 2005 - that's just ridiculous, isn't it? The market must have thought so as well because after trading up about 10 points, eBay closed down about 5 points.

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