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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: McNabb Brothers who wrote (30799)2/18/2002 8:19:00 PM
From: Jdaasoc  Read Replies (1) of 99280
 
I'm short another 2000 shares of EBAY at $55 as of Sat

Since I have done a little bidding on ebay recently, I would have to say you will get your wish of ebay below $55 to closeout positions at a profit.

I noticed that a minor percent of sellers were from Australia and Great Britian with not much volume of bidding going on form these countries. Canadian sellers seemed to be present in slightly higher percentages then I expected based on population.

You could look at it as they haven't cracked these oversea markets yet or maybe outside of North America bidders don't shop till they drop. <g>

IMO I think that rapid growth phase of ebay is peaking since it's great for odd collectible items or for someone in rural area with not many retail stores nearby who used to shop mail order. Also, they raised rates a 1/4 of a percent on Jan 31, so revenues projections must be off a little.
It will probably do an AOL, post Time merger, dive sometime in the future after they commit to do something big with the vlaue of it's stock and turn it into a pile of goodwill from an major acquition. They alrady have investments in IBazar and Homesdirect in last 6 months which have added less then $1 per share in intangible assets to the books.
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