I expect another pullback to around $120 by the
close, and I'll cover there. I have a protective buy to
cover stop at $125 3/8 in case I am wrong to limit my
losses. Will it work???? It's about a 50% ---50% chance.
Anyone agree, disagree?
Just a question, if the insider selling is so
immense, how come none have sold any stock in August? Is
this just another short shot to drop the price and
cover shorts? I don't watch level II too closely but
saw several short coverings go through.
we all know that EBAY is far from perfect, based
on repeated server outages, unacceptable fees,
insider selling, and institutional abandonment. Any news
less than perfect will drive this stock down
substantially. Tomorrow's economic data may be the start.
Moreover, the Fed governors are meeting in Wyoming where
they are set to discuss current asset bubbles. Any
negative whispers from those meetings are likely to make
EBAY tumble. Crashes occur when everyone becomes
overly bullish. I cannot examine many periods in which
the overall market sentiment is as bullish as it
currently is. The beginning of the downfall occurs when the
second and third tier names rally, and we had just that
today. Look for a severe market correction to begin real
Most venture funds do not allow insider selling
for one yr. after the ipo. This will be around 10/99.
I expect the stock to really nosedive at that time.
The list of planned insider sells is staggering.
I agree with you fully. One of the attractive
features of eBay is that they don't have to procure and
maintain warehouses; and there are no transportation
costs. I think its better that eBay focus on what they
do best and let others deal with the b2c
I believe that eBay has a leg up on the potential
competition from Yahoo, AOL and others because they have
acheived a critical mass of sellers, whereas the
latecomers have not. I've tried searching for auctions on
the other sites for items of interest and by far eBay
has been the best source. Yahoo and Excite don't even
come close. This may change in the future, but
remember, AOL subscribers and Yahoo users are just a click
away from eBay (and vice versa).
As far as
insiders cashing out. If you received an obscene amount of
shares in renumeration for your efforts to develop eBay
and the stock had risen 10-fold, wouldn't you cash
out if it represented well over 50 percent of your
net worth. I would - in a heartbeat. On the other
hand, as long as eBay can keep and attract more buyers
and sellers (like me), they should be a good
investment if they maintain focus.
First time I have taken a short position on this
one, but couldn't resist after today's rise. There is
very little that can propel Ebay higher, and plenty
that can push it a lot lower from here. Competition
from AOL, Yahoo, et al, disgruntled users, server
crashes, etc., are going to hurt them. I see a lot of
upside resistance at this level going forward. Will
cover only if it breaks 150.
Ebay is not an auctionhouse rather an investment
firm and seems like retail investors loves to buy
insiders shares and put money into Ebay's hand for further
invstment. No wonder GS, DLJ, MSDW love this baby. Last
quarter Ebay has the only and the only earnings of $6m
from interest income of investments. Insiders already
pocketted more than a billion from SPO and unprecedented
long list of 144 filings. They are already rich beyond
any imagination and don't give a s* either about
Ebyaers or investors.
So keep on buying insiders'
restricted shares as much as you can before they run
out...well they won't as they just need a printing m/c to
overcome the overwhelming demand. Folks this is the only
way to feel and taste the insane Universe where
fraud, rigging, and unethical practices are the norms.
Lets pump it upto $500/sh tomorrow shall we...atleast
we believe that Ebay's investment strategy is better
than the investment bankers...remember insiders do not
believe that and they are cashing out like a mad
Yahoo is already doing auctions and so is MSN, It is only a matter of a very short time before AOL gets into auctions. And I wouldn't be surprised if it's not already in the works.
EBAY, as well as the NASDAQ and DOW in general,
are dangerously overbought! The chances of a market
crash and major panic selling are likely to occur
anytime now. See the following
EBAY in particular will suffer a bigger drop than the
others due to the heavy institutional selling that has
occurred for the past several
Do your D & D. EBAY is set to fall big!
appreciate your postings in
the past, but I doubt if ebay will make the mistake
of getting into b2c (business-to-consumer, what
amzn, onsale, valueamerica, cyberian, buy.com,
shopping.com, beyond.com etc. and now aol do).
does that the stock will crash!! i don't use hyperbole
too often, but that would be the dumbest thing for
ebay to try and do. they don't have the people, the
warehouses, or the market remit to do that.
thing i wonder is when aol gets into c2c auctions. They
have 20 Million subscribers and that by itself might
be enough of a critical mass to get going.
should be interesting going forward.