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

To: Smart Investor who wrote (2548)	4/9/1999 8:36:00 PM
From: Nelson Chang	Read Replies (3) \| Respond to of 7772

$132, huh? And now EBAY is at $183 - a new all time high. I question your technical analysis there buddy. And now you're trying to explain to me how MM's work a stock? How large a portfolio exactly do you manage that you know how market makers operate? You're trying too hard to sound like a big shot. One more thing - the shortsellers can go ahead and stay away. Even if they do, and they won't, there is currently about a 60% short interest already in the stock. >>>Do you remember it backs down to 132 after Amazon announced its auction? The MM is playing the fear of short and the greed of long like a yo-yo. Think about it, when MM gaps its price up, the long will hold and trying to buy more because of greed, while the short will try to cover because of fear. If one thinks ebay is way overvalued, the best way is to stay away, do not go short. When the shorts stays away, it will resume the downward trend.<<<