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

To: Frederick Langford who wrote (107970)	4/26/2001 8:42:16 PM
From: If only I'd held	Read Replies (2) \| Respond to of 108040

"Buy.com said that when it receives returns that are not fit to be resold, it sells them on eBay." Doh!!! What a slap in the face to EBAY. Makes me want to rush right out and bid on some stuff that isn't fit to be bought. "EBay is much more efficient than traditional liquidators," said Tom Forrester, director of operations at Buy.com. Yeah, because the buyer doesn't know what he/she is really getting till the screws have already been turned. Doh!! Fred, EBAY has first mover advantage and a solid name in what they do. But the barriers to entry are not necessarily huge. It's a good business model. But it ain't worth 12 billion dollars. Not yet. Not this year, not next...probably not in this decade. Who said QCOM was a good buy? Or PMCS, or BRCM. They aren't in my portfolio. I never touted any of that stuff. If you had bought AOL in February of 99 (2-1/4 years ago), you'd still be down 40%. ANd personally, although I have not been keeping up with AOL lately, I probably would not be a buyer right now. Investors in EBAY here could easily be down 75% in a matter of 4-5 trading sessions and may have to wait ten years just to break even if they ever do. That's bad risk. Super dumb investing. Risk/reward ratio is terribly against the investor. FWIW, I was not insinuating that you do not understand valuation with my post. I was just alerting the poster that you are not that kind of trader. Hope you didn't take it the wrong way.