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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: Doug Fowler who wrote (997)	11/27/1998 3:37:00 PM
From: McNabb Brothers	Read Replies (2) of 7772

Doug, Thanks for the update on EBAY! I've been tracking it very close and feel like Thanksgiving had an impact on this weeks count! I'm still long the stock from $46 and $48 a share, but watching it very close each day! Here are the reasons I feel EBAY will continue to be strong for the time being: (1) Small float outstanding! (2) Insiders not being able to sell for 2 years as I understand it! (3) Know many people that use EBAY to buy and sell, many more than any other site that I know individuals use! (4) I use EBAY to buy things and going to buy a scanner so I can load pictures onto my computer so I can sell some items on it! As Peter Lynch would say, "buy what you use and buy and know!" (5) One of the few internet companies that are making money! I would not be a buyer of EBAY at these levels, but will continue to hold what I have for now! I feel there are a number of people that feel as I do and with the small float it will be hard to sell it short for some time now! Hank

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