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

To: Tradegod who wrote (1197)	12/21/1998 12:34:00 PM
From: jayray	Read Replies (1) \| Respond to of 7772

EBAY's float is 9%, the lowest of the major net stocks, while short interest is among the highest at 39% as of 11/15, and probably much higher now. Appalling levels of greed among short sellers and longs alike, coupled to momentum mania without any semblance of due diligence have turned this flea market/garage sale into the flavor of the week. Look at the size of the bids/asks, ones, twos and threes. Hardly institutional is it. It's shorts covering and longs hoping they'll be able to get a seat when the music stops. At some point, probably in Q1 or 2, the insiders will start to unload thus increasing the float, the shorts will back off thus depriving this “stock” of much of its momentum, and the longs will realize that this is just a grossly overpriced, highly manipulated shell game whose “business model” can and will be appropriated by Yahoo, AOL and the real net players. Do you really think a poorly run garage sale is worth $285 a share