btw, yahoo, the "joke" of an auction site as it is called here, is now up to 265,000 auctions, up 175% for the year. Ebay is up only 75% for the year.
More telling, since march 18th (the peak of ebay's phenomenal growth), ebay's auction count is up a mere 12%. Yahoos? 62%. In fact, yahoo has added over 100,000 auctions since 3/18, and ebay, only 227,000.
ebay is slowing down, bigtime. yahoo's auction count is actually accelerating. I'll get flamed for pointing this out, but some people apparently find that yahoo actually works.
amazon and yahoo are clearly impacting ebay's growth at this point. there can be no other explanation. unless ebay's growth goes back to former levels, the stock price will not hold - the premium is too much for a company that appears to be growing at something less than 75% per year - too little for an internet company with a market cap of $22B.
good luck (and no, I'm not short) |
