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


To: Jing Qian who wrote (2544)4/9/1999 6:34:00 PM
From: Smart Investor  Read Replies (4) | Respond to of 7772
 
Why does ebay go up when a secondary offering is expected to hit the market? I heard that insiders plan to sell 2.25 MILLION shares as part of the secondary offering. Will AMZN eventually eat ebay's lunch?

Only fools will buy ebay at the current price. The best way is to stay away, not long and not short. Without short covering, ebay downward trend will continue.



To: Jing Qian who wrote (2544)4/9/1999 7:28:00 PM
From: Doug Fowler  Read Replies (1) | Respond to of 7772
 
Actually, Jing, I think you'll see eBay hit 4M auctions by October, November at the latest.