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To: KeepItSimple who wrote (81868)10/26/1999 12:58:00 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 164684
 
KISSYPUTS&CALLS,

You better start posting, for this could be your last day to post on SI! Remember, you promised not to post if EBAY did not announce a split after the close today! Oh, I forgot you don't always keep your promises anyway!

Hank



To: KeepItSimple who wrote (81868)10/26/1999 1:00:00 PM
From: Eric Wells  Read Replies (1) | Respond to of 164684
 
From the Ebay article:

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"We believe eBay will likely beat our revenue and EPS estimates of $57.1 million and $0.01 [the same as consensus], despite a brief outage early in the quarter," wrote Goldman's Rakesh Sood.
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If Goldman believes Ebay will beat estimates, why doesn't Goldman raise it's estimates? Is this a classic example of the "manipulate-the-estimates" game (a derivative of pump-and-dump)?

The article states further:

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"EBay remains our favorite stock idea for 1999 with a price target of $200," Sood writes.
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It's amazing that a "respected" investment bank should choose a company with an incredibly high PE and expected low earnings growth, as well as an extremely volatile stock (not to mention numerous technical issues) - as its favorite.

-Eric