Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jerry Miller who wrote (1917)	3/4/1999 8:15:00 PM
From: Kailash	Read Replies (2) \| Respond to of 7772

eBay headed for $573 (post-split $191)? "Precedents like the speculation in tulip bulbs and investment in a South Sea scam may not provide much guidance here. Yet the history of radio might. As the author Robert Sobel noted recently, the best lesson comes from Radio Corporation of America, which saw its shares rise from $US3 in 1921 to $US91 in 1928. That climb accelerated madly over the next year, hitting $US573 before the 1929 crash. For two decades after the crash, RCA stock hovered at around $US10. Even in 1960, when the company was stable its stock was only $US78. The technology was revolutionary, the business was genuine and the company eventually delivered on its business plan. But early investors lost all the same." afr.com.au If you're standing on top of eBay, sooner or later you'll need a parachute. I have no idea when - could be tomorrow, could be a week from now (the post-split euphoria won't last much longer). I do know that most people think they're smarter than everybody else - they think they'll be able to get out before it drops, leaving you holding the bag. If you hold on real tight, it could turn into a $10 bag just like RCA - good company, good concept, $573 for a few weeks and $10 for twenty years. Kailash