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


To: Gary Walker who wrote (1155)12/19/1998 6:47:00 PM
From: Scott Burns  Read Replies (2) | Respond to of 7772
 
I don't know who it was a couple of posts ago who said they will add to their short position after the beginning of the year. It sounds like a good plan to me. I probably could have used a better short strategy than I have--ie. taken the short position a little bit closer to the float increase in January. I'm short at 224...I should've taken profits two weeks ago when Ebay was down in the 170's or so, but I got greedy. I might get scared out just like the longs want if next week is like last week. But I will definitely be shorting again here in a week or two if the price keeps climbing. The buying is just too irrational for me to take. And I know there are alot smarter people that are holding the stock (insiders whose shares are locked up) who know that this is the chance of a lifetime to cash in and will sell their shares. Time will tell...