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Technology Stocks : eBay - Superb Internet Business Model

EBAY 85.84

-0.8%

1:51 PM EST

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To: McNabb Brothers who wrote (602)	10/30/1998 3:03:00 PM
From: SouthFloridaGuy	Read Replies (2) of 7772

Well...in this case I'm actually looking for a 1-2 week term. Reason is that I feel the stock is overbought. Quite often though, overbought stocks can become more overbought. So since I feel that the upside days vs downside days is way less than downside days vs upside days in the near future, an intraday reversal on strong selling will be evidence to me that the market manipulators (MM's) are getting out. It doesn't look like today will be the day. An example of a stock that's making a reversal is AOL. Near term I feel the stock has topped. AMZN is very close to reversing. I am especially encouraged when this occurs on a day when the markets are up. This is also why I am bearish on the internet stocks (and shorted RNWK a week ago and SEEK 3 days ago), all the net stocks are kind of on the same pattern.

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