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To: flish who wrote (4475)	8/4/1999 6:59:00 PM
From: backspin	Read Replies (1) \| Respond to of 7772

I think E-bay (along with Priceline, Yahoo and others) is a classic example of the fallacy of the Peter Lynch buy what you know theory. The people who have had great experiences trading on E-bay are now losing their shirts investing in E-bay. The company has an interesting and reasonably profitable niche, it will not reshape American commerce as a whole, and failing to do so can not support a multi billion dollar market capitalization. At this point the unlucky little guys are bailing out and there is no one to buy their shares. Carnage will continue.

To: flish who wrote (4475)	8/4/1999 8:05:00 PM
From: fut_trade	Respond to of 7772

...due mostly to market forces decisionpoint.com decisionpoint.com Take a gander at these little old charts here.

To: flish who wrote (4475)	8/4/1999 8:43:00 PM
From: IceShark	Read Replies (1) \| Respond to of 7772

Thank you for posting this, flish. I was wondering how many faithful longs were still belling up to the bar, seeing how this thread is pretty sparse. Don't try to catch the falling knife.

To: flish who wrote (4475)	8/5/1999 10:24:00 AM
From: flish	Read Replies (1) \| Respond to of 7772

Ok. I was wrong. Reentered too early. This is more serious than I thought and I appreciate the recent posts. I sold at 73, the quickest loss of 5 points I've ever experienced. Wow. It isn't the decline that is so scary to me, it's the relentless pace and volume. Hopefully, a sign of exhaustion but I can't afford to find out. I hope my earlier post didn't mislead anyone. I've learned that the earlier you admit you're wrong usually the better off you are. I think I was overconfident because the stock has been good to me. Will continue to watch though, cause I believe there is more to be made here. Best of luck to all.