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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (30833)	2/19/2002 9:07:18 AM
From: Sweet Ol	Respond to of 99280

Hank, Yes, I am short EBAY now. On Friday it broke its rising support line from Feb 6th when it tested the 61.8% fib level at about 53.60. I think it will at least test that and when it penetrates it the next stop will be the Sept lows in the low 40's. I think people are finally starting to look at these ridiculous PE's and will eventually get them in line with reality. I don't know how low it will eventually go, but I think it will be far below the present price. Look at a weekly or monthly chart to get the perspective of where it is trending. BWDIK!!!! Best to all, JRH