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

To: lebo who wrote (1577)	2/4/1999 9:44:00 PM
From: Daniel Simon	Respond to of 7772

<<I am bullish on EBAY for the following reasons: - Internet valuations should be disregarded>> What? Please tell me, what are you smoking? <<- The Internet is an industry driven by future potential - EBAY is the best auction site out there - I expect major consolidation to fuel this sector of the Internets - Any unjustified weakness will attract people looking to get in - 3-1 split is positive from a psychological point of view although the company fundamentals are there >> The company fundamentals are where? Wait scratch that--whatever you do don't look down.

To: lebo who wrote (1577)	2/4/1999 9:59:00 PM
From: Timoteo	Read Replies (1) \| Respond to of 7772

I'd be bullish on EBAY at 80 to 90 before split- not because its worth that much, but because someone might buy them out with their overvalued stock. As I posted earlier, give me $300,000,000 and I could build EBAY with at least 5 million registered users (at only, say $50 cash per user who lists an item or makes a purchase.) There will be more shenanigans, but the stock is below 200 in two weeks IMO. Timoteo

To: lebo who wrote (1577)	2/4/1999 10:25:00 PM
From: Abe the babe	Read Replies (1) \| Respond to of 7772

Ditto, I believe that Ebay is a pineer player in a new field. Traditionsal valuations have nothing to do with the price of stocks in the internet sector, at least for the time being. Till consolidation happens, and the new territory is divided, the pioneers such as Yahoo, Ebay, Amazon will be valued by future potential, rather than by current earnings. "Value" investors should try investing in Transamerica(TA) with a PE of 3 or Ford with similar valuation. I hope that everybody understands what's happening now in the internet sector is to restore the upper hand for the "institutional " investor vs. the individual . Having said that, i agree that Thursday was a bad day for the Tech sector and for Ebay.There may be more bad days around the corner. There will be a lot of volatility ahead, but once the stock split happens, price should stabilize around $ 85-90 post split, that is $ 255-$ 270 pre split. It is classical wall street . Look at the grand daddy of them all IBM, it lost 15% off its peak value less than 10 days ago, for no clear reason, just building in steam for post split surge. Good Luck to all

To: lebo who wrote (1577)	2/4/1999 10:32:00 PM
From: Robert	Read Replies (2) \| Respond to of 7772

- 3-1 split is positive from a psychological point of view although the company fundamentals are there When was the split announced? Robert...

To: lebo who wrote (1577)	2/5/1999 12:24:00 AM
From: Howard Hoffman	Respond to of 7772

I agree with all of your reasons. However, I do not know how price fits into your thinking. MSFT has a defacto monopoly. It has made more millionaires than any other stock I can think of. I think it is selling for around 165 right now. If it were selling for 265 right now, would it be worth it? How about 365? Certainly, if momentum pushed MSFT to 365, one could conclude that one was a fool not to buy it at 265. The kind of thinking that you express, i.e., price does not matter, has gone on for a long time with the Internet sector. That can only go on for so long before things get ugly. I am not certain of it, but today may well have been the beginning of something very ugly. How many stocks have had an IPO at 18 and gone to 300 in a few months? If there are any others, what are they selling for a year later? 2 years later? NSCP was meteoric. I don't think it got to 300, nor did it increase at the rate of EBAY. NSCP killed many shorts. Then it had a vicious correction. If you had gotten onto the rollercoaster early enough, it was a thrilling and profitable ride. If you got on later, it was a sickening ride. I think you might be smart to unload your EBAY now and buy it back at or below 100. No guarantee that you will be able to buy it at that price again, but I believe that 100 is a lot more likely now than 400. Good luck.