I hold no position on EBAY. It is the one stock
that I have been crushed on repeatedly. I just want to
say that by not shelling out a few million to a
couple studs to prepare a great system, they have lost
north of $10 billion in market cap (and counting) due
to these persistent outages. My sympathy goes to
those new longs who bought in expecting a nice runup to
earnings. Well, it never happened. Before too long, the
post-earnings sell off will take ebay below 100 before it ever
had a chance to get back to 182, the day the earth
stood still and watched ebay go off line.
Before reacting to differences in domain name
listings between EBAY and YHOO, consider the mechanics of
the commerce market. The Internet price effect on
electronic commerce has deceived many Wall Street pundits.
Popular theorists argue information efficiencies will
drive electronic commerce profits to zero as consumers
comparison shop competitors. This logic does not encompass
important factors such as limits in information retrieval,
non-price preferences, geography, and market participant
behavior.
For the complete article describing an
alternative theory, see http://www.genesisinvestments.com
The chart for Ebay seems to show support around
100, which was broken. Maybe there's support at around
95. With regard to the CPI, my guess is that the
number will be ok, but that there will be a sell-off
anyway. The key thing is the employment cost index, which
AG has said he uses in his anlysis. The employment
cost index was unexpectantly high, bonds & equities
retreated. All this happened when the net stocks might have
been trying to make a fragile recovery. Looking ahead,
August will be relatively slow for Nets, and the
post-earnings period will start. All of this points to at least
a short-term sell-off continuing.
I JUST HEARD THE RUMOR ON CNBC AND READ THE POST THAT
BARRON'S IS GOING TO TRASH AOL.BUMB AND ALL INTERNET SECTOR!!
http://www.ragingbull.com/mboard/boards.cgi?board=AOL&read=41191
<EOM>
so I can short more!!
seems to believe me.
90 is the next stop. then
couple of days more and we will see the 80s...
I
agree with the previous post. with a cpi coming soon
and oil at the 20s. it is going to be nasty. longs..
buy in the low 80s.. not now....
<EOM>
90 here we go!!!!!!!!!!! hahahahaha
sorry to be so happy but i short 2000 since 105
BUCKLE UP
SHOULD HAVE WORN A SWAT UNIFORM LONGS