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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (23701)2/21/1999 4:56:00 PM
From: uclatrader  Read Replies (2) | Respond to of 50167
 
hi judy
be careful with ebay
which just appears to be one of the put plays by a newsletter i subscribed
i still doubt we will see a rally to a new high soon
currently i m long aol and short bcst
here is the comment from them

EBAY - eBay Inc. $239.50 (+4.38) (3.50)

EBay Inc. operates an on-line person-to-person trading
community in which buyers and seller are brought to together
in an auction format to trade personal items. Company began
trading publicly last September and is among the more active
stocks among speculators.

This is our hot internet stock to bust play. The stock has
gone on an amazing run since the stock starting trading
publicly last September. Stock climbed from $50 to $300 in
less than 3 months without a proven track record. Stock has
retested upper end of range twice and is now sitting at its
50-day moving average. We believe that the company will will
begin to roll over once investors examine closely
the business model and competition for similar service
surfaces. What's more, overhead sentiment resistance is
beginning to reach extreme levels as reflected in a Pinnacle's
sentiment indicator.

BUY PUT MAR-210 QXB-OB OI=132 @ $20.00 SL=15.88
BUY PUT MAR-195 QXB-OS OI= 85 @ $15.38 SL=10.25

shuo