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eBay Inc. Message Board

  • johnparcg johnparcg Mar 13, 2013 10:23 AM Flag

    should i panic sell?

    or will this dog come back with some good news at some point?

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    • This is a good time to sell and take profits with both Ebay and Amazon. The quiet negative factor that most have no clue about is the post office's January 27th international shipping rate hike. They doubled the shipping for both Canada and worldwide of packages 1 pound or less and raised by 50% packages between 1 and 4 pounds. When Non-U.S. buyers who like to buy from Americans see their shipping cost from 50-100%; many or most will no longer buy or bid a lot less on auctions. The post office's greedy and stupid rate hike will negative;y impact Ebay throughout the year and prevent share price from moving out of the $50 to $55 range. Most likely Ebay trades in the $40 to $53 range for the next year

32.07-0.21(-0.65%)Sep 23 4:00 PMEDT