eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

-0.7%

Nov 14 9:30 AM EST

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To: Ricky Rydell who wrote (1173)	12/20/1998 1:22:00 PM
From: Stewart Elliot	Read Replies (1) of 7772

Overall, the shorts have kept the price down. It's pretty scary to think where the price would be if there wasn't this enormous short position. People tend to forget that there is also a very large trader position in this stock. They can get squeezed too if the price plunges (shorts are not the only ones who get margin calls), causing a rather dramatic price decrease. New short positions are less exposed now. It seems inconceivable that the stock price could double to 500 (an event which would make EBAY more valuable than both YHOO and AMZN). In the earlier stages, the stock was doubling every 2 weeks causing short squeeze after short squeeze. We should see less of that, because the overall cap of even this small public float is now getting extremely large in it's own right. Hysteria has a way of dying down. This should happen during the slow retail months in the spring, followed by a renewed interest in the early fall (here comes xmas!). If you do this right, you can make a ton of money on the retail sheep.

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