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To: RetiredNow who wrote (1552)2/3/1999 3:32:00 AM
From: Howard Hoffman  Read Replies (1) | Respond to of 7772
 
In looking at the chart tonight, it looks like the next move will be to around 160-170. If EBAY breaks below 160, then it is a major reversal, and will go much lower still (at least 100).

Anyone wanting to buy EBAY should put in a GTC order at 170 and you have a good chance of it filling. Be patient. On the other hand, if you are short, I would try not to cover until at least 170.

No guarantees, of course. There is a chance that EBAY could just close the gap at 234 (with a 10 pt or so overshoot possible) and then go up. I think that if that happens, it will be a short-term suckers rally.