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

To: Doug Fowler who wrote (4470)	8/4/1999 3:33:00 PM
From: cdbud	Read Replies (1) \| Respond to of 7772

Considering that they have an 80% plus profit margin we have to adjust our analysis. Bud

To: Doug Fowler who wrote (4470)	8/4/1999 4:02:00 PM
From: Devil's Advocate	Read Replies (1) \| Respond to of 7772

ebay is getting killed, yahoo!!! ...........

To: Doug Fowler who wrote (4470)	8/4/1999 5:02:00 PM
From: Nelson Chang	Respond to of 7772

Everyone knows that the internet is overvalued. But I choose to think that the internet at the present time is devoid of valuation - over or under. What I think is more important is market psychology when it comes to these net stocks. So many people buy these stocks w/o knowing anything about the revenue model or market caps, that it merely becomes "perception" as to when to buy or sell. And that "perception" is driven by market human psychology. Right now we have selling. And we are dangerously close to the absolute break point - YHOO at $120, AMZN at $90, the DOT index at 500. We either bounce vigourously from here, or we break. All these people who have sold on the way down, may re enter their positions - but you have to question whether or not this is enough. Or you have close to the final stages of capitulation; where the people who have NOT bought on margin and do not need to sell absolutely cant take the pain - they are the strongest of the weak; where the overall market collapses; where all the deals and upcoming IPO's on wall street evaporate. One index I follow signalled a market crash just yesterday, Monday. That's a 25% crash forcast. Of course this signal has been wrong 50% of the time. The reason being it signals the conditions that usually occur prior to a crash. However, every crash that has occured since 1920 was signalled by this index. Whatever that means... The link is at wwfn.com Just be cautious, and liquidity is more important than ever at these points. Not holding on to "quality" stocks. Because in my opinion, even "quality" stocks will lose u $$$. >>>Even at these prices, eBay still has more than a $10 billion stock market capitalization. Considering that they will do about $200M in sales this year, that is still a 50:1 Price/sales ratio. Before the Internet craze, that was a huge ratio.<<<