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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

+3.7%

Nov 7 9:30 AM EST

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To: sherlockgerlach who wrote (7181)	2/28/2003 10:12:39 AM
From: AJ Berger	Read Replies (2) of 7772

Discipline forced me to cover today I'm sorry, but I had to cover at $78 this morning. I can't believe after that cautious report we heard from Meg earlier this week, the fund managers like CSFB are still recommending this stock. Either they are a lot stupider then we are, or they know something we don't. Since they get paid a hell of a lot for their opinions, I have to believe they are not stupid. I need to conserve my capitol for any war-event related rally, so I'll have to watch from the sidelines for now. Good Luck everyone with your positions. To those who may think my covering is a contrary indicator, I'll only tell you this. The last time I shorted and was forced to cover was short at $63 and covered $67. You do the math. I won't reshort until there is a lot more volume in this stock. Watching shorts and coverers feed this stock every higher, while institutional longs just laugh from the sidelines, and insiders get to dump their options ever higher is getting ridiculous. I'm just sick to my stomach that such an over valued over hyped over optioned stock can be allowed to get away with this kind of run without more realistic scrutiny 3 years into our post "bubble" market.

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