there is no volume, and there's a reason, if you
people would stop and look at the options chain for a
ebay MUST maintain the price right around 149-150
until this friday's options have expired. we are at the
"max pain" point, where the options writers will make
the most possible profit. if the stock goes up,
they'll lose on the calls they wrote. if it goes down
anymore, they'll lose money on the puts they
the reason the volume has dried up is because 80% of
the activity on this stock is usually options
players. since they have decided NOT to move the stock
until after expiration, they have no reason to trade,
and the stock simply will not move.
yourself a favor, buy some nov 100 puts. this stock is
going to CRATER at least 40 points the day after those
october options expire.
Yes, I agree with most of what you
Perhaps I am a pestimest and look at a half empty glass,
but to the folks who look at it up 100% in a month, I
would still point out that it dropped as much as 68% in
the last 6 months over its high and has only
recovered 50% of that.
Lets face it. There still
isn't that much stock out there, so I think this is one
of the easier issues to manipulate. From the figures
I heard, the insider shares that can potential come
into the float in the next month or so equal 70% of
the current float, so that should definitely make the
stock more liquid and hard for the Lehman's of the
world to manipulate.
I think a lot of people saw if go from 72 in
August to 155 in Sept and then jumped in thinking it
would never end. Now it is trading sideways to down and
they keep piling in assuming with earnings and the
Christmas season coming it just can't go down. I think we
will have a nice bounce later in the year of early
2000 but would like to see a nice retreacement to
about 100 first. This is typical for the internets and
then after the pullback everyone is going to be
whining about how this is a crap stock etc (even though
it went up over 100% in a month).
Why are people holding the stock??? Probably most
of the longs are the lemings who got in at $200+ and
believe that the stock will see $300 by next
What did PT Barnum say... anyway... I'll by in at $30
which is still 2X what it is worth...
The better question is with a declining track
record of quarterly earnings, why has next years
estimate gone up to $0.39?
That is a much better
question... especially since Q4 is still below a nickle as
If they can't beat a nickle during the "Holiday" and
"Millenium" rush, how can they possibly average $.10 a qtr
when Q2 is always slow becuase of the summer...
Look for Yr 2000 estimates to "QUIETLY" Drop next
month to the $.20 range
Why has earnings estimates on this company been
lowered from 5 cents to just a penney. This is clear
MANIPULATION. We deserve an explanation and follow up by SEC.
Everybady on this board should bring this up. Sooner or
later, it will be heard. DON't JUST SIT THERE.
SPEAK......AND YOU WILL BE HEARD.