now ebay could fall further...

[Mecro]

I said it before and I'll say it again.

In this shitty debt ridden economy, EBAY is one of the few stocks I would want to own even if the economy takes a dive. I do not think there is another company with such strong fundamentals as EBAY.

It's obvious it is overvalued and way too expensive, but shorting it is another story.

 

[dgabriel]

Quote from Mecro:

I said it before and I'll say it again.

In this shitty debt ridden economy, EBAY is one of the few stocks I would want to own even if the economy takes a dive. I do not think there is another company with such strong fundamentals as EBAY.

It's obvious it is overvalued and way too expensive, but shorting it is another story.

If you like it for fundamental reasons why would you own it if is overpriced?

 

[big_jdez]

I was hoping it got a little closer to it's 30.

 

[heilbronner]

Quote from AAAintheBeltway:



What was that, about 25 points ago? I wonder if that channeling stocks guy features EBAY? You see, some stocks travel in a channel. You buy at the low end and sell at the high and do it over and over. Except selling EBAY is a big mistake.

Better take your profits boys before they fade away. Don't wanna hear that AAAinthebeltway changes his name into AAAdownthetube.

 

[dotslashfuture]

The real question you have to ask yourself is "IS EBAY THE BEST SHORT I CAN FIND ?"

If the answer to that question is yes, then you need to look a bit harder. There are much better short candidates out there.

 

[heilbronner]

Best short I could find today was NQ @1047.5, but I'm always eager to learn something new. What was your best short today?

 

[Mecro]

Quote from dgabriel:



If you like it for fundamental reasons why would you own it if is overpriced?

I want to own it because it is a great stock to own.

But it is too expensive. If it was to drop I would definitely pick some up.

 

[Babak]

Barron's this week has a cover article on ebay, Yahoo! and other high flying web stocks. Interesting reading. Most definitely a reaction in the market come Monday just on the article.

 

[heilbronner]

Quote from Babak:

Barron's this week has a cover article on ebay, Yahoo! and other high flying web stocks. Interesting reading. Most definitely a reaction in the market come Monday just on the article.

Positive or Negative?

 

[heilbronner]

Just have read the article.

Barrons says: Fair value $60!!!!

Although the buy recommendations mostly are totally BS in Barrons, the sell recommendations have always been really excellent. Remember EXDS or NVDA?

I know what to do on Monday. I guess Ebay will be @ $80 within 2 days and then falling further.

So all you longs can buy as much as you can afford and I will be able to sell short the hell out of EBay.