Here is my guess: There are some big whales that want eBay to unlock value by spinning off PayPal.
eBay will eventually do this due to the pressure of the whales, hedge funds, and stock downtrend. In the meantime I say let it tank, don't complain, so you can back up the truck and load up on the stock "before" it happens! I sell stuff on eBay, it's great! There's nothing wrong with the company! Just relax, and let it all unfold.
For now I say "sell" the stock, for it is and will be manipulated lower!
I am waiting for $30. That is where I will start a eBay position based on this theory/guess!
Let the MM's give you a gift.
They are giving gifts all over the market lately. COH, LULU, DO, PFE, ANR, AAPL, WFM, etc....
This one needs to go lower and it will! Trust me........