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Technology Stocks : eBay - Superb Internet Business Model

EBAY 90.90

0.0%

Jan 9 9:30 AM EST

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To: AJ Berger who wrote (7084)	11/16/2002 10:24:10 PM
From: AJ Berger	Read Replies (1) of 7772

Don't think ebaY is manipulated? consider this... There are over 300 Million shares of ebaY outstanding. Over HALF of all shares are in Goldman Sacks accounts. Meg Witman EBAY's CEO is Also on GSCO's board, and she and many other EBAY insiders have personal accounts with Goldman, where they used to Spin stocks in 1999-2001. Anyone with a level-2 screen will tell you that GSCO is always on the buy when volume is low (to get shorts to cover, attract retail longs, thus drive price higher) so they can sell big when volume is high (to give insider higher dump prices). If anyone thinks post-bubble government regulators are doing anything more to protect the retail investor from these practices than they did during the bubble, you have only to watch Goldman manipulate ebay now to know otherwise. Imagine a Goldman board member saying; "you think it's a good idea to cover 10 BILLION dollars of any one stock with a PS of 18 and a PE of 100 during this bear market going into a possible double dip and oil war?" -all Meg Witman has to say is; "don't worry about it... just pass the PEZ dispenser, will you?!"

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