I liked it! "Above are just scenarios. I cannot
guarantee it, but I worked this out from the charts,
numbers, experience etc"
Dear Mehmet, what kind of
experience is that I wonder! $55-75 level! Come to your
senses mate! We are talking about a segment leader here!
Forget all the chart bullshit! Take a look at the
fundamentals once, however I would not recommend it if you are
as skilled in B/S reading as assessing support and
Life is too short for shorters!
Hey everybody, check out the following
Mr. Mehmet predicted eBay to tank to $67-70 range
today. I guess he's been busy covering his
I know-it feels funny to see 10 points in 30
min.I had time to cover at 76 but jumped right back in
at 79.(I did it because I felt the rally had some
power but I sure hope it was just a fake).
going to feel it and play as we go along.I will
take a chance through friday and if the market goes up
tight and wait for a down day to start
plaing again and if it
goes down I'll try to cover at
the bottom and wait for another
Even bullish sell-side analysts are sensing that
there soon will be a great shakeout in e-land. Merrill
Lynch analyst Henry
Blodget says "75% of all
Internet companies will either be acquired or [they will]
fail." After pounding the table for many
skyrocketing Net names, investors are looking to Blodget to
find a way out of this Heartbreak Hotel. "It's like
I'm Elvis and
now everyone is throwing garbage and
stuff at me," says Blodget.
take your Lithium. You are more grandiose than the
President. They are throwing garbage at you because you
HALLOOOOOOOO.....NOTHING AGAINST LONGS AND
SHORTIES, SINCE I AM BOTH. BUT I SURE KNOW WHEN IT IS TIME
TO STOP SHORTING, GIVE AND TAKE LITTLE...SURE TIME
TO MOVE UP SOON GANG. THE FOURTH QUARTER WILL BE A
WINNER FOR MOST INTERNET BLUE CHIPS, WHICH INCLUDES
PART 3 of 3 Re: eBAY
Next on the block is uBid.
uBid is much more a competitor to Onsale than to eBay.
The company also focuses on selling refurbished
consumer electronic items, auction style, with bids
beginning at $7 per item. Over 90 manufacturers provide the
usual closeout products that sell on the site. uBid's
registered users totaled only 533,000 as of last quarter, up
41%. uBid lost $4.2 million on $45.6 million in
revenue in the second quarter. On July 21, uBid filed to
sell 2.0 million shares of its stock to the public to
raise funds. The stock is at $22, down from a vertigo
inducing $189, and just two dollars above its all-time
On April 12, eBay sold 6.5 million shares
of stock at $170 per share, raising a tidy war chest
at an opportune moment. From May 15 to June 14, the
stock fell from $196 to $136, a slide instigated by the
June 11 site outage. The stock recovered above $160
afterwards, but since then it turned to fall to current
prices on word that management would increase spending
on international expansion, marketing, and
technology. eBay will remain profitable, however, and
management is comfortable with year 2000 earnings per share
eBay has the cash, market lead, and an
early highly scaled inventory-free business model that
so many others covet. Yahoo! and Amazon are its most
formidable competitors, but eBay has a giant leg-up on each,
and it commands most mind-share for online auctions.
eBay is in such a good position that it almost must
mess up in order to lose its lead and momentum. The
ball is in its court. eBay is the leading horse taking
the first turn, and there is no second place horse
LONGS AND SHORTIES, SINCE I AM BOTH. BUT I SURE KNOW
WHEN IT IS TIME TO STOP SHORTING, GIVE AND TAKE
LITTLE...SURE TIME TO MOVE UP SOON GANG. THE FOURTH QUARTER
WILL BE A WINNER FOR MOST INTERNET BLUE CHIPS, WHICH
eBay to win, place, or show.
And eBay to win. Our two bets. Not in that order.
END OF PART 3 OF 3