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

To: KeepItSimple who wrote (7255)	8/6/2003 1:32:18 PM
From: geoffrey Wren	Respond to of 7772

I've been shopping on EBAY. If you take the time, you can get some good prices on some products, such as a PALM ZIRE for $60, instead of at least $80 in local stores (when discounted or with a coupon). If a product is new, durable, and a known product, there are reliable bargains. But I did have to return a virtually new voice recorder that did not work. What gets my curiosity is that there are some products where the bulk of sellers have a "buy it now" price or a minimum price that is much higher than what you can get the product for through internet sellers. Specifically, I would refer to digital cameras, such as the FUJI 303, which can be purchased over the internet for $190, and you cannot get it that cheap on EBAY. Other products sell for less than the going price over the internet. Don't know what this would mean to the stock price, but it occurs to me that EBAY may have reached an equilibrium point like outlet stores. WHen outlet stores first came out, they were unique stores that sold discontinued items, seconds, for good prices. Now they are everywhere. The supply of discontinued and seconds was limited, and now they pretty much all sell new products competing directly with the regular malls. They are really much like regular malls (other than that the parking lot is in the middle, rather than on the outside). In general my opinion of EBAY is that it is way overpriced. It is priced for a lot of growth to go, but I don't see it. But I'm not shorting it. Too scary.

To: KeepItSimple who wrote (7255)	8/6/2003 10:13:20 PM
From: Green Receipt	Respond to of 7772

hey kis, Normally I'd say you are wrong, But I do remember you predicted correctly the fall of INSP from the very beginning.... I would still hope you are wrong though

To: KeepItSimple who wrote (7255)	8/9/2003 11:44:56 AM
From: t2	Respond to of 7772

Well, it looks like this scam of a company is finally beginning the long crash back to earth. Down 15 points in just a week or so.. Now it is only 99% overpriced. Ebay execs (meg whitman and the gang) sell more stock each quarter than the company makes in revenues! This company exists ONLY as a vehicle for insiders to sell stock! Next stop- 50. It seems that bears are just too scared to short EBAY. It reminds me of the period of 1998-2000; those willing to try got burned badly..in all interest stocks. Seems to me that we are at March 2000 once again...and EBAY should have a sharp turn down; and the short interest is not high on this name (probably burnt too many already in the last few months). They will go to less risky shorts if that makes any sense.<g> There is now some sort of feeling out there among EBAY investors that it can't drop as it is a great company. The rebound to such high levels confirms their view....and that to me makes it an ideal short. That is the reason I believe this one will have a nasty fall, especially around the stock split. Probably a good idea to load up on puts..I am just starting to. A sharp drop will also increase the volatility in the puts and that would also be a bonus. good luck