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


To: Doug who wrote (1531)2/1/1999 3:55:00 PM
From: RetiredNow  Read Replies (1) | Respond to of 7772
 
Finally got some damn shares to short. I have had an open short sell order on this stock since Friday morning. It finally got executed. Let's see how this plays out. I expect it to go down to at least $230 in the next 2 weeks.



To: Doug who wrote (1531)2/1/1999 8:40:00 PM
From: Howard Hoffman  Read Replies (2) | Respond to of 7772
 
These are in the money puts. The premiums were so insanely high and the downward momentum was so obvious, that I paid the extra $ for in the money. Usually, I would buy out of the money. There is absolutely no support until EBAY gets down to 230 and the chart is so bearish (what with three heads at 300). Also,

* January effect is over
* eBay lockout is over
* Internet mania cannot continue forever
* eBay may be great, and its users love it, but it does not seem like an $11 billion company just yet.

Did you notice the fade at the end of the day? Every one of the e stocks that I follow was down today, and eBay was down the most %.