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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: KeepItSimple who wrote (7255)8/9/2003 11:44:56 AM
From: t2   of 7772
 
Well, it looks like this scam of a company is finally beginning the long crash back to earth.
Down 15 points in just a week or so.. Now it is only 99% overpriced.

Ebay execs (meg whitman and the gang) sell more stock each quarter than the company makes in revenues! This company exists ONLY as a vehicle for insiders to sell stock!

Next stop- 50.

It seems that bears are just too scared to short EBAY. It reminds me of the period of 1998-2000; those willing to try got burned badly..in all interest stocks.

Seems to me that we are at March 2000 once again...and EBAY should have a sharp turn down; and the short interest is not high on this name (probably burnt too many already in the last few months). They will go to less risky shorts if that makes any sense.<g>

There is now some sort of feeling out there among EBAY investors that it can't drop as it is a great company. The rebound to such high levels confirms their view....and that to me makes it an ideal short.
That is the reason I believe this one will have a nasty fall, especially around the stock split. Probably a good idea to load up on puts..I am just starting to. A sharp drop will also increase the volatility in the puts and that would also be a bonus.

good luck
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