All those who have bought this great stock within the past three years and have held it and who have seen the value of their portfolio rise significantly as a result, raise your hand. I mean during the past three years, this stock has been a no-brainer: company has virtually no competition, earnings keep accelerating, the stock has split. Everyone who bought and held during the last three years must have a big smile on their face.
Guess you don't bother factoring in 2 for 1 split which occurred on August 29, 2003 nor the 2 for 1 aplit which occurred on February 17, 2005 which would mean if you had 100 shares of Ebay in July 2003 you now have 400 shares even if the price then an now is in high $20's you have 4 times your money
So if you are on this board you must still own it. How do you feel about the current price, and with you experience in the stock where do you honestley see it going from here. I have purchased only last 4 months own at about 32.5, everyday seems a little further away, but will give it a chance. Your experience in EBAY's ups and downs will be helpfull to many. Congrats on the past.
<<So if you are on this board you must still own it>>
I never owned it. I always thought that its price was too high. (I am a value player.)
I was being facetious about the stock. On July 7, 2003, the first day of trading after the 4th of July holiday, eBay closed at 28.48, i.e. about what it is today. Three years ago posters were saying the hell with the P/E. Man, this is a growth stock. They looked good�for a while. Eventually a stock will trade with a P/E less than 30 or, more generally, less than 25. The stock will achieve this, in part, with a drop in share price like MSFT (and EBAY). But there will always be cheerleaders who will tell us to buy because the company is making money.