WHO"S BUYING EBAY ... when
about 10% of the insider shares have been or are being sold since the lockout ended. 90% of the shares are owned by insiders (down to 80% by now). Institutions hold about 8% leaving only 2% in the hands of the retail sector. Since February, there has been more supply than demand on this stock yet stock went up. Why?
Answer: Market makers. They're keeping this internet crap high because they don't want to be squeezed with the 6 million shares shorted. But at the rate these insiders are selling, the float of EBAY is getting bigger and bigger, and institutions aren't really going to touch this, who'll be left holding the bag ???
QUESTION FOR THE DAY: If Ebay is going to report such blockbuster quarter, why are the insider sales accelerating???
insidertrader.com
NEXT QUESTION: If these 10 million shares are being sold, and the retail wouldn't buy at these inflated prices, and institutions aren't touching, and longs on this site could only buy 100 shares more just to help the cause, who's buying. Of course, the market makers,
They're required to do so. But they could only go so far before they bring this baby down so hard. It just makes sense. They know those shares are going to hit the market pretty soon, and with the absence of buyers, they have to bring it down so hard so if they're forced to buy, at least its at a much lower price. |
