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

To: JF2155 who wrote (942)	11/25/1998 10:03:00 AM
From: PETER COSTES	Read Replies (3) \| Respond to of 7772

Goldman Says stock rise overdone.

To: JF2155 who wrote (942)	11/25/1998 11:00:00 AM
From: jayray	Read Replies (2) \| Respond to of 7772

Ebay is not a stock; it's greed superseding reason. CNBC has been warning “investors” of the inherent risks in internet stocks, EBAY in particular, which bear no relation to their current or future financial prospects. Only the most shortsighted would call that “bashing.” Even EBAY's underwriter, Goldman Sachs, has admitted the outrageousness of this price bubble. As far as EBAY's prospects, they're not good. The are selling merchandise of questionable origin (pirated?, stolen?); they make drug paraphernalia and soft core porn easily available to children; their denial of responsibility for products sold will shortly lead them into expensive lawsuits; and the ease of entry and presence of many competitors, some with real clout, mark this as financial diversion, not a real investment, even by internet standards.