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

To: q39 who wrote (7203)	3/4/2003 5:16:28 PM
From: AJ Berger	Read Replies (1) \| Respond to of 7772

tale of two idiots... eBay (NASDAQ:EBAY) StockPickReport.Com Rating: SELL (-8), SHREVEPORT, March 4 eBay operates an online market place through the web site ebay.com. Our analysts predict the stock should step sharply lower as predicted by EBAY's current near-term stochastic analysis. Incidentally, the stock's closing-price descended into lower ground over the recent few market sessions as evidenced by the short-term moving average of it's 15-period closing- price moving average. In conclusion, EBAY traders should note that the stock's average daily volume stepped down over the previous week. In our opinion, StockPickReport.Com research indicates a "short-sell" strategy (buying puts, selling calls, short-selling, or outright selling of EBAY) at current levels is the logical move at this time. ---------------------------- Bernie Schaeffer and Schaeffer's Investment Research, CINCINNATI, March 4 Online auctioneer eBay (Nasdaq: EBAY) makes a splash on both today's most-active call and put lists. On the call side, the stock's April 90 strike has seen volume of 2,808 contracts so far today on open interest of 2,930. Meanwhile, the March and April 75 puts are also active with volume of 2,875 and 2,853 contracts, respectively. Overall, signs of pessimism continue to pop up on this relative-strength outperformer. After dropping lower following February expiration, EBAY's Schaeffer's put/call open interest ratio has begun to trek higher again. The ratio has jumped from 0.71 to 0.75 during the past six days as puts are added faster than calls. What's more, short interest continues to hover near its recent high. Despite these signs of pessimism, EBAY's technical and fundamental picture is nothing short of stellar. After breaking above previous resistance at the 70 level in early January, the stock has enjoyed the support of its rising 10- week moving average. Yesterday saw the shares hit a new annual high of 79.41 before pulling back to support at their rising 10-day trendline. According to Bloomberg, the company recently announced fourth-quarter earnings that beat Wall Street's estimate by more than 21 percent. Following this news, the firm also raised its full-year earnings expectations. Bottom line: look for more "bids" to drive this auctioneer higher in the near future.