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

To: GCAT who wrote (2792)	4/23/1999 10:05:00 PM
From: Robert Rose	Read Replies (2) \| Respond to of 7772

GCAT <Some people I know won't sell ebay and take a profit. > Given tax ramifications, one does not take selling a stock like ebay lightly when one's position is at 15, split-adjusted. However, I have managed to sell twice: once at 150 before the split (wanting to lock in terrific profits that now pale in comparison to it's current price), and second, when amzn entered the auction market. That was just 60 points and a couple weeks ago. My current position is still triple in value that of my original position, so I cannot complain. However, I had to pay 1998 taxes on my first sale, and I will have to pay 1999 taxes on my second sale. In hindsight, buying and holding my entire position would have been the best move. Fortunately, I am still healthily long ebay, just not as much as I would like. Rob ps to Doug Fowler: I remain a great fan of yours. Keep up the terrific work. Have you ever thought of doing a Steve Harmon-type thing? There just may be potential there for you.