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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?


To: Merlo who wrote (2767)12/9/1998 12:19:00 AM
From: Benkea  Read Replies (1) | Respond to of 3627
 
Merlo:

CD's float, 243 TIMES that of the 3.5 mil EBAY float, make your scenerio a naive and impossible one. EBAY trades up on nitwit buying of 100 shares at a time. 100 shares may move a company trading on pure hype and ignorance with 3.5 mil shares for the public to trade, but it won't move a real company trading on fundamentals with 850 mil shares for the public to trade.