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

To: zurdo who wrote (618)	11/1/1998 9:51:00 PM
From: WMG	Read Replies (5) \| Respond to of 7772

SHORT eBAY - GROSSLY OVERVALUED eBay is probably the most grossly overpriced stock of all the internet stocks. What a mania. A year from now everyone will be writing about how obvious the bubble was, but not today..$100 forecast for this junk is unbelievable! What most investors are not factoring is that there are virtually NO BARRIERS TO ENTRY into this business. Sure, gross profit margins are great and eBay carries no inventory, so what? Not for long. Yahoo/Onsale and a host of other companies will soon relegate eBay's currently fat margins into razor thin margins. As soon as this becomes more widely accepted the stock will plummet. This weeks negative article in Barron's is the first of many more to come in the ensuing weeks. Good Luck!