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To: Nelson Chang who wrote (4279)	7/26/1999 9:09:00 PM
From: hsg	Read Replies (1) \| Respond to of 7772

Nelson, where do you see it going tomorrow? I think the Nasdaq could see another big selloff...

To: Nelson Chang who wrote (4279)	7/26/1999 9:25:00 PM
From: Jeff Dryer	Respond to of 7772

>Am i missing the point of your analogy??? I didn't know they started matching buyers and sellers of Swarovski Crystal Chickens on the stock market. The point I was trying to make is that stock trading works better than auction trading. With product auctions, merchandise is mailed back and forth leading to a cost that both buyers and sellers absorb. Also, with product auctions, there is less trust between buyers and sellers because there is risk with each transaction that a problem will occur (i.e. seller doesn't ship, buyer doesn't pay, or merchandise not as advertised). >My take is that each company is valued according to its position in the industry and the size/potential of that industry. For example, EBAY owns a relatively bigger chunk of its industry than EGRP. I agree. eBay has a 70% market share. ETrade might be closer to 20% of online transactions. But won't eBay's market share go down within several years to more of an ETrade like market share? >And the growth rate of online auctions is far greater than online trading. I disagree on this one. I'd have to do some research, but I'm pretty sure the number of online trades per day is more than twice what it was a year ago. I don't believe the number of online auction transactions is increasing at greater than 100% per year anymore. >But who knows, this can all change when they start matching buyers and sellers of Ralph Lauren Barbie dolls on the stock market. Maybe investors could trade futures on Ralph Lauren Barbie dolls <g>