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eBay Inc. Message Board

  • mot_Mouth mot_Mouth Oct 26, 1998 8:44 AM Flag

    DLJ initiates coverage of EBAY with a BU

    "We are initiating coverage of eBay with a Buy
    rating and a 6-12 month price target of $100. eBay
    displays all of the characteristics of an Internet
    category leader: a huge market opportunity, significant
    competitive barriers, an increasing returns business model,
    and a massive, loyal and growing customer base."
    Quote from DLJ.

    Good luck all.

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    • I forgot to mention this in my last

      The four big firms that have recently pushed this
      stock up with recommendations (DLJ,Goldman,BT Alex
      Brown, and Robertson Stephens) were the four lead
      underwriters on the offering. Based on past experience, this
      at least calls into question their objectivity. Now
      that all four of these folks have issued reports who
      is going to move this higher?

      As I stated
      before, I am short this stock. I obviously should have
      waited for DLJ to join the others with its
      recommendation before shorting. However, I would be more
      concerned if an established firm not involved in the
      offering (say Merrill Lynch or Lehman) came out with a
      strong buy.

      Any comments?

29.000.00(0.00%)Nov 25 4:00 PMEST