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Technology Stocks : eBay - Superb Internet Business Model
EBAY 82.760.0%3:59 PM EST
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To: Stewart Elliot who wrote (1281)1/3/1999 11:15:00 PM
From: Axxel  Read Replies (2) of 7772
 
It's always something that propels these stocks. I have no idean in advance what they might be, but usually I know the kind of latent power that exists in the stock. Take that 25 year dog, BID...why does that have the technical power of $60...and currently crashing from mid 30's to under $30...why will that recover and blow the lights out? What set of circumstances will come together to make that happen? I do not have the answer to that question-but I am fairly confident of the general price direction and the relative power of that stock-and the same was true with UBID $33 15/16 to $154 about two weeks ago [see rec on Bloomberg if you want], EBay and others.

It's just my job-it was not learned overnight and there were PLEEEEEEENTY mistakes and judgemental errors to get me to this point. But, I don't comment on the formulation of my volume stuff, just the end result...and it's free-so you know what free stuff is worth, I guess. And if people can make a few extra bucks because of my stuff, that's OK too. And with rare exceptions, I don't invest in the stocks I discuss. AOL, AMZN & BKS are current exceptions. I do that to purposely avoid conflicts.

Best regards,

Axxel
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