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eBay Inc. Message Board

  • jamesrutherford1980 jamesrutherford1980 Jul 15, 2009 10:43 AM Flag

    Taking profits right here

    I had mentioned on Monday that I bought ebay at 16.24. Current quote is 17.64. I just sold it. I thought I might sell covered calls but the short term profit on the shares was just too compelling. 1.40 in two days.

    James

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    • COURT SAYS EBAY IS A CRIMINAL ENTERPRISE. SERIOUSLY. (Steptoe & Johnson’s E-Commerce Law Week, 21 August 2008) - A federal court in California recently held that eBay’s allegedly false statements about the safety of its “Live Auction” service can support a claim against the company under section 1962(c) of the Racketeer Influenced and Corrupt Organizations Act (RICO), a statute originally designed to go after organized crime. Although the case involves a civil suit, the court’s ruling in Mazur v. eBay Inc. amounts to a remarkable statement that eBay’s description of its auction service constitutes criminal behavior. While the Federal Trade Commission has brought actions for “unfair” or “deceptive” acts in commerce against companies whose actual privacy practices did not live up to their stated policies, allowing RICO actions to be brought on the basis of similar misstatements is a giant leap—and could have enormous negative ramifications for websites.

      http://knowconnect.com/mirln/article/mirln_2_23_august_2008_
      v1111/

      • 2 Replies to major_lol_time
      • I guess no one wants to pay attention to warning anymore!

      • COURT SAYS EBAY IS A CRIMINAL ENTERPRISE. SERIOUSLY.
        (Steptoe & Johnson’s E-Commerce Law Week, 21 August 2008)

        - A federal court in California recently held that eBay’s allegedly false statements about the safety of its “Live Auction” service can support a claim against the company under section 1962(c) of the Racketeer Influenced and Corrupt Organizations Act (RICO), a statute originally designed to go after organized crime. Although the case involves a civil suit, the court’s ruling in Mazur v. eBay Inc. amounts to a remarkable statement that eBay’s description of its auction service constitutes criminal behavior. While the Federal Trade Commission has brought actions for “unfair” or “deceptive” acts in commerce against companies whose actual privacy practices did not live up to their stated policies, allowing RICO actions to be brought on the basis of similar misstatements is a giant leap—and could have enormous negative ramifications for websites.


        http://knowconnect.com/mirln/article/mirln_2_23_august_2008_v1111/

    • Probably a wise move James.

      We've seen ebay's wild fluctuations before and know they don't hold up.

      I've consistantly made a dollar per share up and a dollar per share as it falls back down, sometimes many times a week, and have slowly built my shares up with each win.

      In three years so far, one loss.

      Most of the time I study and note insider dumping, but sometimes I'll just flip a coin.

      Ebay isn't much of a stock but it's a day trader's dream.

      I have no love or emotion for it. It's all about the profits.

 
EBAY
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