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

To: Moneysmith who wrote (521)10/27/1998 6:04:00 PM
From: Kevin McKenzie  Respond to of 7772
 
Internet auctions have a limited growth because smart buyers will always want to see, feel etc. on any significant purchase.

I disagree. Ebay has bids of over $50,000 consistently for real estate and high end automobiles (eg, currently a Lamborghini Countach)

cgi.ebay.com

They even listed a yacht that reached $879,000 cgi.ebay.com

I think Ebay has a legitimately sound business model and will succeed. It's a shame it's so overpriced that you have to be either foolish or a daytrader to participate in Ebay's stock right now.



To: Moneysmith who wrote (521)10/27/1998 6:08:00 PM
From: Don Westermeyer  Read Replies (2) | Respond to of 7772
 
Yes, EBAY is trading down after hours. I guess after the recent run it is due for some profit taking.

FWIW - I also sold today at $85. Good luck to all longs - but don't get too greedy. EBAY is very expensive now.

It is hard to believe at one point they almost killed the IPO because they couldn't find enough interest in the stock to sell at $14. What a difference six weeks make.


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