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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (117014)11/20/2000 12:48:19 PM
From: MrBuzz  Read Replies (2) | Respond to of 120523
 
Why would you want to go long on EBAY, fighting a downtrend and rationalizing that 7 vs 3 cents is the reason to do so?

What about it's 400+ P/E? Price/Sales of 32? ROE of 3.2%?

Not only that, but a falling market?

The 7 vs 3 cents doesn't seem to be a strong catalyst according to the market.