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

To: StocksMTTM who wrote (1383)	1/22/1999 8:02:00 PM
From: Impristine	Respond to of 7772

how big is your margin account?

To: StocksMTTM who wrote (1383)	1/22/1999 10:58:00 PM
From: Doug Fowler	Read Replies (2) \| Respond to of 7772

Michael Murphy was on CNBC this afternoon and said he is shorting eBay because of the 24M shares coming on the market next week. He is targeting $100 for eBay. He said he had talked to insiders who said they were very surprised it ever made it to $100 a share on the way up. At $100 a share, eBay would still be valued at $4B, and considering that they will report somewhere between $18M and $20M in sales for the latest quarter, that would still be trading at 50 times last quarter's sales annualized. eBay is probably a good short on Monday, if you can find the shares to short.

To: StocksMTTM who wrote (1383)	1/23/1999 8:41:00 AM
From: Z Analyzer	Read Replies (1) \| Respond to of 7772

<<What does everyone think about shorting EBAY>> Have EBay shares been generally available to short? I would think they would be very hard to borrow.

To: StocksMTTM who wrote (1383)	1/25/1999 8:30:00 AM
From: 57bear	Read Replies (1) \| Respond to of 7772

I bought and sold eBay several times on the way up, and would be willing to hold long term at $100 or less. eBay has now moved below its 44 day moving average, so last Thursday I sold short. It is now a few dollars above where I sold, but I think this week it will move back down. Many of the "second tier" internet stocks have already broken down, there is more and more negative talk about internet stocks and the "bubble bursting", if insiders sell much stock (and why wouldn't they at these prices?), eBay could drop like a rock. Of course I've been wrong before....