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Technology Stocks : eBay - Superb Internet Business Model
EBAY 85.18+1.6%Nov 10 3:59 PM EST

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To: zurdo who wrote (7089)11/18/2002 8:47:09 PM
From: AJ Berger  Read Replies (1) of 7772
 
In order to Justify ebaY's current valuation

it would have to execute it's business plan perfectly
on it's way to that $3 billion revenue goal by 2005.

most Wall Street firms that follow ebaY have
admitted as much in one form or another.

So far, they have done remarkably
well, and few shorts will deny that.

However most shorts and some nervous longs
will point out that significant cracks have
formed in ebay’s otherwise Teflon armor,
many of which have been discussed on this
and other threads following the stock.

It is upon these cracks that they base their case,
and while dissenting opinions about ebay have
yet to be echoed by the firms that cover it, the
fact is the revelation of ebay’s many flaws is
only a matter of time, and once Wall St admits
ebaY is faltering on it's Perfect business plan,
the stock will quickly lose the high volume of
support needed to keep it aloft in a Bear market.

I agree that shorting this stock going into it’s
historically strongest quarter is a risky gambit,
so I will be the first one to cover once the stock
has gone beyond the 16.3% point I shorted it.

But in the mean time, I guess I will just keep
amusing you with my comical posts about ebay’s
many imperfections until I’m either forced to cover,
or proven correct...
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