eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.83

+1.0%

Nov 21 9:30 AM EST

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To: StocksMTTM who wrote (1383)	1/22/1999 10:58:00 PM
From: Doug Fowler	Read Replies (2) of 7772

Michael Murphy was on CNBC this afternoon and said he is shorting eBay because of the 24M shares coming on the market next week. He is targeting $100 for eBay. He said he had talked to insiders who said they were very surprised it ever made it to $100 a share on the way up. At $100 a share, eBay would still be valued at $4B, and considering that they will report somewhere between $18M and $20M in sales for the latest quarter, that would still be trading at 50 times last quarter's sales annualized. eBay is probably a good short on Monday, if you can find the shares to short.

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