What makes you think that EBAY will go that high again? I'm just wondering, cuz I can't see it in the charts. And when you say that you can see more buying than selling in the daily charts, what exactly do you mean? Is there something I'm missing here, how exactly can you see it?
Looking at a few things with the chart here and it looks well extended above the trend line on the weekly chart. Also, looking at the orderflow for the past month, lots of retail traders seem to be dumping, or maybe re-arrange the porfolio. Oh, and I like your idea bout Cramer, the guy ruins a lot of my options plays.
Watch what the institutional buyers are doing, and follow the technicals. Last low on RSI 10/02/06 at about 41, then it went up. MACD looked about the same as it does right now. Only difference between 10/02 and now is the Money Flow is two times higher and looks to possibly be on the rise (all from daily view). And no, I'm not long or short or anything with this stock, I watch it for a buddy of mine cuz he dosn't know to much what he's doing with these things.
Ya, you have to look at the demographics of the situation. When Ebay first came out it was basically "one of a kind". It had enormous growth potential, because it was cool and, dare I say, "cutting edge". Everyone was jumpin on the bandwagon with all the hype. Now, most people who would buy or sell stuff on Ebay have done so and probably most continue to do so, at least I do. It was a great investment. But now Ebay has NO PLACE TO GROW OUT TO. Everyone who is in, is in. Sure, they can go international, but don't you think foriegners have already been using the American site? The growth story is over, and any rational person who is not a social retard can see this looking at the demographics. Skype and Paypal might help to increase revenues, but Skype more than likely will need lots of promotion, and its up to society if they are ready to move on to this VoIP technology, and I don't think most are. Look at Vonage. I don't now one person who VoIP, and I live in a large city and know lots of people. Hmmmmm.......
I think you are probably right. Just gotta break resistance around 30 first. Other than that the other technicals look good. ADX and Aroon rising. StochRSI up. FastStochastic(39,1) and OBV(30sma) look good together. But where is the volume at? Bought Oct30 Calls today.
Kinda new to trading, but it looks to me like we got a new trend starting with CXW using resistance line from May-June as support now:) and do I see an ascending triple top? looks good to me!