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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: E. Davies who wrote (4232)	7/26/1999 7:07:00 AM
From: Robert Rose	Read Replies (2) \| Respond to of 7772

<I dont see any important support here at 108. > The stock is sitting on its 200 ma. In a bull market, fund managers and LT investors often consider this level as a good time to load up on a good stock cheap. <It looks to me to be more 100 as a critical point with a little support up as high as 105. > Agree, this is the next support level. < If it were not for earnings I'd say this stock was a sure thing to test 100. With earnings its a little tricky because the market has built in pretty bad expectations by now. I'll be buying puts into any bounce and covering at 100. > The stock has a lot of downward momentum now. At best, the e report will meet downsized expectations. Such is not enough to reverse the decline, imo. ebay is heading lower....