Grow up longs. The stock went from 17 presplit to
139. Lest we forget it ran up from 138 last week so
you have lost nothing. The only thing wrong with ebay
is Meg the mouth. They need a new spokesman who
actually believes in the company. Megs valium induced
interview was plaged with doubtful comments, when in fact
ebay rocks. She is a twit. thats for sure. She must
have been brought up Catholic, to somely swear to tell
the truth. She would not want to make any brash
statements would she? They need a pr man...., and thats
all...The company is as solid as a rock with little chance
thing is RIGGED TO THE HILT, and his short won't
work for quite a while.
Factz - I agree this
stock is super-hyped internet trash. I agree on all the
fundamentals - but it is rigged. It won't go down on its own.
I hope you are stable enough to ride this position
out in the long term...
(Maybe there will be a
pleasant surprise, but after today's reaction I am not
sure. Too much strength in the rebound. I think it's
held up artificially.)
Every initiative is a costly attempt to grab a
slice of a rapidly shrinking pie. Consumer confidence
plunges and purchasing of "thneeds" dries up. No buyers,
no revenues, just expenses. As the sellers get more
desperate the reserves drop and total sales $ drop. Power
sellers move to sites that provide superior service and
that don't depend entirely on auction revenues. THEN
the state taxing authorities force tax collection and
the attendant record keeping onto the sites, costs
skyrocket and revenues plunge. Remember this post in the
the 150's .. let's talk in 1 week, 2 weeks, and 1
month. You are so damn clueless it makes me sick. Not
only does their earnings report look like shit, but
they have such a huge technical resistance in the
150's, that no long will dare to buy at those levels.
The ceiling is made of titanium, and this elevator is
only going one direction.