OK, you have probably heard this before, but I
will say it again. I follow TA to use it as a rough
guide to see what lies ahead (not as a rigorous trading
method). I have a downward trend line drawn on my charts
that EBAY has broken through during the post FOMC INET
relief rally. Since that time, EBAY has been riding down
the outside of that trendline. From a TA perspective,
this holds some significance in that there is still
not any significant upside resistance until 130. On
the other hand, the downside from these levels is not
as bad as many think, IMHO. There are plenty of old
support areas. Of coarse these could be broken just like
those above but it will be a real fight.
Playing the bear, if we do see do your 88, there is
almost nothing preventing us from moving to 80. In fact,
I think it is in the cards if we are pushed down
cashed out at a loss. Sorry to see that, he
deserves an "A" for effort and a good sense of humor. I
hope he hasn't lost that as well.
trade at significant multiples to future earnings will
be hit hardest during times of uncertainty in the
market such as at the present. The INET's took a
nosedive after the CPI glitch a few weeks ago only to
recover some ground once the market factored in a 25
basis point rate increase. We are seeing more of the
same right now as we are on our way to factoring in
the next move by the FED. The sector may well trade
lower over the coming months. It could get very ugly in
the near-term. On the time frame of 6-12 months,
things continue to look rosy to me. With EBAY, I'm not
looking for 234, I am just looking to make a decent
return on my investment. That�s why I will take my cards
off the table at 95 and return at 135.
Non-proprietary product or not, I don't see what is going on now
as EBAY specific. The prospects for the sector as a
whole in the long-term are excellent and EBAY will
continue to hold an important position in this sector. We
will just have a lot of ground to make up. That�s how
I see it.
Important: Look at the chart on BTRN asap. This
is a completely unknown biotech company, trading at
a year high of $6. This company is doing some
AMAZING research that one day may allow organs and tissue
from animals to be transplanted to humans without
rejection. This has huge implications for the treatment of
cancer and many other diseases. This company and its
research is just starting to get noticed....any news at
all and this could be the next huge biotech play
When this and other boards turn "super" negative
it definitely signals an oversold situation...I
think we have another 6-10% downside before we head
back up ~20-30% for the year...Only the truth..PEACE
... when we have a bouce this week, I am hoping
the shorts will disappear from this board .. for
good, since most of them will be broke. They seem to
come and go, given the situation. I have also noticed
that some of them (ONEFLOORTRADER) appears on other
boards (AOL, YHOO, AMZN) talking gloom & doom. Maybe so,
but I AM HOLDING. eom.
maintained, if EBAY falls, all INETS will be
heading lower as well. I think I even said something
about this when EBAY was near 150 or 160. I said that
if EBAY were trading significantly below 100, it
would not be alone. This is not because of EBAY. EBAY
it is just a symptom of the situation in the whole
sector at this moment in time. I have had my eyes on the
Internet indexes as well. We are at near critical support
levels, indeed. Should be interesting!
but I told you 3 months ago this would happen to
eBay, and I told you why:
All that T.A. B.S. is
completely useless if everyone wakes up one day and realizes
a stock price doesn't have any fundamentals under
What's happening here is that people are
realizing that yes, the internet is gonna be huge, but eBay
is not a proxy for the entire internet-- it is
simply a company in and of itself (with a
non-proprietary product), whose real earnings potential must be
critically analyzed just like any other company.
more to the point...
I'm really curious: do you
know whatever happened to Reverend Poo Toxic???
95 was always a closing goal. At this level I
guess you could look at it as a gamble but we are only
talking 2 bucks here. I promise you I am not *that*
If I might ask, what is your position by the way?
What are you looking for?