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To: bcrafty who wrote (67122)2/21/2003 4:30:34 PM
From: JRI  Respond to of 209892
 
NEVER, EVER short a cult (stock)*

* when there are so many non-cult stocks around



To: bcrafty who wrote (67122)2/21/2003 8:59:45 PM
From: nspolar  Read Replies (2) | Respond to of 209892
 
bcrafty, I respectfully disagree with your Ebay analysis and comments.

Ebay is showing several signs of weakness.

Wavewise most of us I think would have it in the final stages of a 5.

Look at these weeklies. PPO and stochs both look ready to cross over. The volume has tailed off hard.

stockcharts.com[l,a]waclyiay[df][pb50!b200][vc60][iUe12,26,9!Uh14,3]&pref=G

Look at these dailies. OBV has declined over the last few weeks. Volume unimpressive. RSI look like it is at one last push.

stockcharts.com[l,a]daclyiay[dc][pb50!b200][vc60][iUb14!Ug]&pref=G

You spoke of money flow. The parameter you showed is one I question. Its basis comes from accumulation/distribution, which in my opinion is an unreliable parameter. The mathematics is based on an assumption that is often not true. I have seen stocks show a continuing increase in accumulation, but the price continually went the other way, and the mathematics allows this. OBV is much more reliable, imho.

In short I never use accumulation/distribution any more, nor Chaikin money flow. Is there something I am missing?

I do use money flow index. Problem is few sites have it available. It is a volume based money flow that has as its basis something more akin to OBV than does accumulation/distribuation and Chaikin money flow.

The money flow index patterns are interpretive. I like to use a period of 9.

I use this site regularly for money flow index. The money flow index shows weakening, in particular on the weeklies.

dbc.com

My puts are Jul 03's and Jan 04's, recently obtained. Maybe just a little early but I bought in the first 76 area.

I think Ebay is going down, and going down hard over the next several months. I don't see anything to save it. Stock valuations are decreasing on average, with time, and Ebay can not grow fast enough to sustain present valuation. No way.

At some point I expect it to be a good long again. Ebay is more than a cult company.

I can not find the link. Recently some analyst recommended buying Feb 75 calls, and Jul 65 puts as I recall. I think he has it pegged right on the nose.

There is also more to a chart than just a couple of parameters one can select from a pop down menu.