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To: Ricky Rydell who wrote (1173)	12/20/1998 1:22:00 PM
From: Stewart Elliot	Read Replies (1) \| Respond to of 7772

Overall, the shorts have kept the price down. It's pretty scary to think where the price would be if there wasn't this enormous short position. People tend to forget that there is also a very large trader position in this stock. They can get squeezed too if the price plunges (shorts are not the only ones who get margin calls), causing a rather dramatic price decrease. New short positions are less exposed now. It seems inconceivable that the stock price could double to 500 (an event which would make EBAY more valuable than both YHOO and AMZN). In the earlier stages, the stock was doubling every 2 weeks causing short squeeze after short squeeze. We should see less of that, because the overall cap of even this small public float is now getting extremely large in it's own right. Hysteria has a way of dying down. This should happen during the slow retail months in the spring, followed by a renewed interest in the early fall (here comes xmas!). If you do this right, you can make a ton of money on the retail sheep.

To: Ricky Rydell who wrote (1173)	12/20/1998 1:23:00 PM
From: Robert Rose	Respond to of 7772

I am not short for the same reasons. Seeing the shorts descend on this board is a little disconcerting. But on the other hand, with them on board we may see a short sqeeze that will make the runup from 30 to 250 look like a dress rehearsal. Sounds impossible, but if the stock can appreciate like that in 3 months without much of a short sqeeze, who knows? I am at the point where almost nothing can phase me. Except perhaps my tax bill come April 15 <g>.