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

To: EdR who wrote (393)	10/21/1998 9:08:00 AM
From: soylent	Read Replies (1) \| Respond to of 7772

FROM BRIEFING.COM AND I AGREE. SEE YOU AT $25 Rate cut was a positive but the reaction of the marketplace has exaggerated its significance... Big gains in stocks such as eBay (EBAY), Inktomi (INKT) and Egghead.com (EGGS) suggest that speculative fervor returning to market... In light of still high valuations and deteriorating economic tone such speculation is not only surprising but disturbing... It's as if investors learned nothing from recent retreat... Rebound is psychologically, not fundamentally, driven... As such it won't last... When it turns, it could get really ugly and the biggest losers will be the momentum stocks such as EBAY, INKT, etc.