Ebay Predictably Robs Its Long Term True Believer Bag Holders Again. Predictably. Again.
How come every run up to earnings features ebay insiders dumping their unexpensed shares and letting the true believer bag holders take a massive nearly $4 a share haircut? Such predictability works for my shorting. Glad ebay wants my kids in the finest colleges and feels I need another Mercedes. Thanks ebay!
Not saying there isn't profit to be made shorting eBay every quarter on the run-up but it's not as much as you're alluding to. Even with half a mil on margin, barely enough profit after taxes on that spread to buy a new Toyota Camry.