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

To: J. C. Dithers who wrote (2074)	3/9/1999 9:09:00 AM
From: Jerry Miller	Read Replies (1) \| Respond to of 7772

well said. 171 1/2 RT pre-open

To: J. C. Dithers who wrote (2074)	3/9/1999 12:31:00 PM
From: George Gotch	Read Replies (1) \| Respond to of 7772

He he ha...manias always end ugly. Watch

To: J. C. Dithers who wrote (2074)	3/9/1999 8:03:00 PM
From: Buster O. Hype	Respond to of 7772

Don't get me wrong, I do ride this suckers up and down, and now down she goes ... should touch the 150's tomorrow ... You have to understand the dynamics of the market ... ooops market makers, who are required to short this sucker if there are not enough sellers ... and the past five days, there just aren't enough of them. Do you really think the market makers will squeeze themselves? They'll drop this baby like a rock same as they did with Amazon. This creates panic, creates supply allowing them to cover their shorted shares and replenish their stock. And longs on this stock, always be careful of weekends cause that's when these shorties from Barrons may strike. After all, among the internuts, EBAY right now is just ridiculously overvalued. It doesn't take a brain surgeon to figure out that at $20 billion in market crap, EBAY's auction business is actually being valued at $400 billion. (using an average of 5% fee on the total auction business on its site). The internet sure is cool but it didn't create that extra $400 billion in spending money in our pockets. The last time I heard, Walmart is still doing great and people still go to garage sales. Fair value for EBAY ??? I would say, their auction business may grow to $10 billion a year in the next 5 years, then proceed at a 25% growth rate. They get an average of 5% fee or $500 million in revenue. 4X sales gives a market cap of $2 billion, gives a stock price of roughly 1/10th of what it is now or around $16 a share. So where do I get this figures? At least these are more reasonable that the crap those FOOL brothers gave. They didn't even try to size up the possible size of the market within the next 5 years. Most analysts always start with the size of the pie, then proceed to who will get the chunks and slices.