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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: kinetic who wrote (94506)	4/9/2000 10:43:00 PM
From: If only I'd held	Read Replies (1) \| Respond to of 108040

Killer return!!! Was just looking at EBAY again as a short. Hate trying to short these "monumental" stocks, but with a P/E of over 1,800 and some generally bearish sentiment in this sector, I am thinking about going short this one again. If the P/E were to reach 100, the stock would be trading at about 8-9 bucks. The problem is, they are sitting on 400 million in cash....putting their book over 6. On top of that, they actually make money these days. Not much (well, more than us) but they are profitable. 10 mil (ttm) I guess I would be dreaming to say the stock should trade to 10, but that is still a cap of 1.3 billion on sales of 225 million and earnings of 10 million. Last time the crap hit the fan in this sector, the stock traded as low as 70 bucks. It is presently sitting at 180. Had the market's irrational exuberance not come back and gotten out of hand, the stock would have likely continued to slide until fairly valued, which in my opinion....lands it somewhere between book and 30 depending on how they used their cash in the future. Not making any rash decisions, but as soon as things start to get ugly in this market, I am going short this one again. I think the recent bounce in the stock is nice opportunity for locating upticks......:o) Going 80% cash in my IRA tomorrow. Already 90% cash in my trading accounts. Money Market interest is looking pretty good to me for the next few months. If anyone was looking for an opportunity to try out a new broker but was holding off because they didn't want to tie up their money during the transfer, I think this is a good time to make your move. You can always buy back.

To: kinetic who wrote (94506)	4/9/2000 11:28:00 PM
From: If only I'd held	Respond to of 108040

Re: BIKR.....keep the company on your watch. If they do pull thru this mess, they might just turn out to be a decent investment. Perhaps Herm Rosenman's departure will be the best thing that could have ever happened to the company. I think he is a stock salesman.....not a working man interested in building motorcycles, but that's my opinion. Keep up with the news on the company for a little while, but keep in mind that the float is larger that it appears on Yahoo. I would imagine the true numbers will be out in a few months or so. These problems they face are serious, but they may work them out. Closing the book on them entirely might prove premature. I would just stay flat the stock for now myself.