eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.01

-1.1%

Dec 3 3:59 PM EST

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To: Doug who wrote (1531)	2/1/1999 8:40:00 PM
From: Howard Hoffman	Read Replies (2) of 7772

These are in the money puts. The premiums were so insanely high and the downward momentum was so obvious, that I paid the extra $ for in the money. Usually, I would buy out of the money. There is absolutely no support until EBAY gets down to 230 and the chart is so bearish (what with three heads at 300). Also, * January effect is over * eBay lockout is over * Internet mania cannot continue forever * eBay may be great, and its users love it, but it does not seem like an $11 billion company just yet. Did you notice the fade at the end of the day? Every one of the e stocks that I follow was down today, and eBay was down the most %.

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