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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: Alomex who wrote (6659)	11/1/2000 10:38:54 PM
From: blankmind	Read Replies (2) \| Respond to of 7772

- Classifieds make sense. - Auctions are stupid & have to be a fad - If I need a 5 1/4" hard drive for my old pc; I'm going to Yahoo's classifieds - I wouldn't even think of an auction - too ridulous

To: Alomex who wrote (6659)	11/2/2000 12:37:33 AM
From: J.Y. Wang	Respond to of 7772

Exactly. Those are the types of items explicitly listed in my original message as likely to be traded in Ebay, even after the fad aspect of it dies down... I don't know why people think auctions are a fad. Auctions have been around in one form or another forever. Auctions in Ebay's form are efficient and effective. They simply work. I agree, which doesn't necessarily imply that Ebay is a buy. You still have to check if the price is right... Again, with the NDX, perhaps the most important index, trading at a P/E of 140, I worry less about price than about a company's fundamentals. Ebay is dominant. Ebay is growing. Ebay will continue to grow as the Internet grows.