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To: 10K a day who wrote (72770)8/9/1999 1:35:00 PM
From: GST  Respond to of 164684
 
impristine -- went long cisco calls this morning -- a blowout might give us a good 24 hour rally before the slide into the pit of despair returns later in the week. Gold looking good -- the shorts in that market borrow the metal and sell it to finance their parties -- but their lending rates just went through the roof in London this morning as the banks that finance this trade decide to close down some of the gold crack houses -- you could smell the shorts frying in the pan.



To: 10K a day who wrote (72770)8/9/1999 1:48:00 PM
From: Eric Wells  Respond to of 164684
 
>>Eric, That's Silly...

I agree. A PE of 875 for a company like Ebay is silly. I think Ebay's PE should be under 50 - making the stock price around 6. That's why I'm short.

Thanks,
-Eric