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

To: Randy Ellingson who wrote (1654)	2/9/1999 12:59:00 PM
From: Howard Hoffman	Respond to of 7772

"Deer in the headlights" Yes. Most EBAY "investors" are still in denial. They are afraid of being shaken out on a little dip. The gains have been so great that the pain is only loss of paper profits. Many still think that right now is a buying opportunity. Many have not been through a real shakeout, like where EBAY goes back to 90 or lower. The insiders are restraining themselves. They had their big day on Feb 4 when the volume hit 3.8M. Most people owning EBAY also own other Internet stocks. The whole sector needs to go down big time to restore some sanity. If it does not happen this correction, then it will be the next. Increasingly, I sense that it is now. Yes the Internet is the future. I am a big time user of the Web. I just will not get suckered into buying these stocks at insane levels just because they have defied previous predictions.