Call options satisfied. Now for the 5th straight
month big sell offs 2 weeks before options expirations
are followed by a rally and finish to the upside on
the 3rd Friday. Options expirations have historically
been very volatile on heavy volume and 2 out of 3 have
been strong down days, however the past 5 months have
done just the opposite. Nothing goes straight up or
straight down with out a significant event. THERE ARE DAYS
THAT THE TREND IN THE MARKET, A SECTOR OR A PARTICULAR
STOCK GOES AGAINST THAT OF A SHORT OR A LONG'S
POSITION. As a short invested in EBAY, with all the good
news out and it having risen 40% in 2 weeks, This
stall around the averages will only resisit the upside
movement of the stock. There are always weak shorts who
close positions before the week end and longs that are
just a bit too late to the game who want to move in on
a percieved pick up in upside momentum. Now the
longs can not bloat that they are breaking new highs.
Thursday's action in the stock price clearly indicated a
reversal in momentum. Nothing goes up or down straigh day
after day. A drop from 126 and a rise to 123 has
resulted in a 3 point net loss from the highest close of
EBAY price since it gained 40% from the lows. At these
levels, entering September, TIME is a short position's
friend and the long's enemy.
Take a look at the two
yeat charts for the DOW and you'll see where we're
headed for, except that we're at a higher level and the
fall off is going to be much harder.
EBAY will be
over valued at $1 billion market cap.
policies are failing and as reported on CNN they are
pushing their luck with clients. At this hefty,
unrealistic market cap EBAY will not be able to fight off
controversy and loss of revenues. This balancing of
upside/downside movement around the 120 level is the indicator
that the take off from the 70s is running out of steam
and is turning.
decision they took. I think its a high risk
choice, but no doubt they had their reasons. It is the
classic dilemma to maximize profits or expand/maintain
market share. They have chosen the profit maximization
side. The risk, starting with irritating their
customers (its the sellers who pay ebay, not buyers),
ultimately involves harm to the integrity of the ebay
system. Trust is a delicate thing which has worked (so
far) because enough participants have had enough
respect of the others not to gouge or otherwise abuse it.
Ebay itself now begins to depart from the policy of
mutual repect/trust. This will encourage others, the
sellers, to do likewise. One way in their power is enter
items to auction employing shills to make phony bids in
order to avoid selling too low. By joining the
constituency of the gouge ebay is inviting the participants to
go around ebay's own rules.
Nothing has happened that warrants this. A couple
of hot heads are leading this thing. These same hot
heads will be right back on Ebay after their boycott.
If the people who are interested in boycotting are
that upset they should just not use Ebay any longer. I
think this boycott is childish. Remember, common sense
is not common!
I actually can see Ebay's reason for changing the
reserve policy. I typically have about 25 auctions
running at any given time. The change is being made due
to feedback by Ebay users. You are too quick to
blame Ebay for make a bad business change. I've used
other auction sites and I don't get near the results
that I do on Ebay, so good luck!
I am interested because I can tell you that I
have made very little money selling on Ebay during the
course of the summer compared to winter sales, as
bidding is way down! The numbers are not there to get a
good price on anything in the summer. I have listed
very little in the summer and am holding off on
listing until after the end of September due to this.
Check out the ending auctions and see how many items do
not have bids, or are selling at ridiculously low
prices due to lack of buyers .
Here's the stats on the active auctions on EBAY
over the last few months. Up almost 50% in the past
few months with no signs of slowing down. The only
people who will lose by boycotting EBAY will be the
sellers who boycott and they know it.
auctions as of August 20,,,,,,,,,2,691,551
auctions as of August 13,,,,,,,,,2,646,523
auctions as of July 30,,,,,,,,,,,,,,2,554,221
auctions as of July 23,,,,,,,,,,,,,,2,469,608
auctions as of July 16,,,,,,,,,,,,,,2,426,913
auctions as of July 9,,,,,,,,,,,,,,,,2,390,357
auctions as of July 2,,,,,,,,,,,,,,,,2,261,254
auctions as of June 25,,,,,,,,,,,,,2,366,999
auctions as of June 18,,,,,,,,,,,,,2,253,414
auctions as of June 4,,,,,,,,,,,,,,,2,227,902
auctions as of May 28,,,,,,,,,,,,,2,265,843
auctions as of May 14,,,,,,,,,,,,,2,128,275
auctions as of May 7,,,,,,,,,,,,,,,2,079,027
auctions as of April 30,,,,,,,,,,,,,2,041,087
auctions as of April 23,,,,,,,,,,,,,1,988,897
begins August 24 and ends Septeber 1. Personaly I
would have started it a little latter, but they look
very organized. Amazing what you can do with these
computers. The boycott leaders have color graphics and
moving pictures and what not on their posters and
billboards. I wonder if Ebay will begin to punish these
rebels, but I believe it would only steady the resolve of
the revolutionary's. VIVA LA REVOLUTION. Personaly I
hate Ebay because I hate scams,plus I'm short. So
spread the word. EBAY BOYCOTT AUG>1THRU-SEPT>1.
they will look like the worse management team
(which it is) and will kill the stock no matter
They kiss the analysts rear after every time that they
have an OUTAGE, like a little boy who's been bad and
promises daddy that this will be the last time that he's
gonna be bad, it won't happen again and daddy rewards
him for his promises.
How can a stupid company
having each employee valued at 160 million get so much
of a break?
THIS COMPANY IS TOO EXPENSIVE EVEN AT