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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (16877)	1/11/1999 7:23:00 PM
From: Timoteo	Read Replies (2) \| Respond to of 18691

EBay short- I went short EBay today. The volume is low and it seems to be unable to put together any momentum since its big one day pop. At $11.5 billion, I think this is the ripest of the internets. It's also too expensive for a buyout. Other auction companies are improving their sites; while EBay's is the best it is very slow (I've been using it). If any of the first or second tier companies get interested, watch out. In a few weeks there will be a HUGE share unlock, at least 25 million shares, about the same time Greenspan testifies before Congress. The only wildcard besides internutmania is earnings, though in their filings they say that the Xmas quarter is traditionally slower. On a more thoughtful note, the 5 CMGI calls I bought for $8K and sold for $7K a few days later are now worth $75K. How many times have I complained about my timing:). Best, Timoteo