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To: Boplicity who wrote (4885)	8/14/1999 11:18:00 AM
From: radames	Read Replies (2) \| Respond to of 7772

it is not the cpi one has to worry about it is the fed meeting on the 24th,,,all the points you mentioned are valid but witn everything that you mentioned it will still one day have to justify their market cap and that is not speculation that is fact !!! if it does one day than it will be considered an investment if it does not like the state in which the stock is now than it is a gamble,,another thing is all the hypothecticals you have listed can be used on alot of companies that have 1/100 th of the market cap ebay does,,i definately would not pay 98 dollars a share for a gamble i ,,remember the lower you pay for the stock the less risk you are taking,,imo i would take this gamble at 50 $ a share,,alot riding on cpi,,and the ppi wasn't as begnin as the head line #looks under more scrutinity the intermediade #s show a spike,,,plus following the big increase we had in the retail sales report we had two weeks ago i am not expecting any surprises,,if their is strength on monday i would sell into it and take a profit,,any price above 90 is a good price to sell imo because remember that this is options friday adn the mm will try to keep the price around the 85 to 90 range as that is were the most intrest is.aimho good trading, radames

To: Boplicity who wrote (4885)	8/14/1999 2:10:00 PM
From: paulmcg0	Read Replies (5) \| Respond to of 7772

Your wildly optimistic predictions for EBAY may never be met. Why would I, as a rational investor, pay an exorbitant price for future possibilities, and take a huge risk with my money? As another person here has said, if you're going to speculate, do it cheaply. The trick is to find a stock that other people haven't found yet, which has a low price. Buying EBAY at this point in time is definitely not a bargain. The only thing supporting EBAY's price right now is the belief of people like yourself that it is actually worth the current price. Other people are reminded of financial manias in the past, like the absurd prices paid for biotech stocks some years back, the pre-crash boom in the 1920s of radio stocks, the exorbitant prices that railroad shares once were at, the Dutch Tulipmania, etc. All of those bubbles eventually popped, financially wiping out large numbers of people. Don't get trampled in the stampede when the bulls panic and all try to get out of this stock at the same time. As I said on another thread, "The stock markets are based on the Greater Fool Theory, which says that someone will be a greater fool than you, and buy your shares for more than you paid for them. But why would someone do that? Do you think that strangers have some sort of obligation to buy your shares at a price anywhere near what you paid for them?"