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eBay Inc. Message Board

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  • Goofyisno2 Goofyisno2 Aug 2, 2003 10:46 AM Flag

    Take a look at the CHArt

    Hell I have seen stocks over sold and still go down without any pop anywhere.

    Oversold conditions could mean lots of things.

    Not that its just going to rebound.

    If you believe your self. Buy Monday Morning and good luck.

    You have to see a turn before you buy now.
    Or your buying the short's stocks.

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    • From a Barrons article on lack of value in the marketplace:

      Bridgewater Associates looked at twenty of the leading Internet companies in an effort to determine if they possessed real value.

      Ebay, Amazon, Yahoo, and all the rest now possess a combined market value of US $122 billion. But collectively, they have earning of only US $25 million. That gives you a price/earnings for the group of +/- 4,787. Now if you really believe that you can mount a rally which would lead to a New Bull Market with valuations such as this, you are sadly mistaken. This market is extremely overvalued and good stocks are very few and very far between.

24.15-0.28(-1.15%)9:36 AMEDT