eBay before the bell: buying opportunity?
It seems that, every day, more people use Paypal and Skype, and someone else tells me they'll check for a skein of handpainted yarn or a used cell phone on eBay instead of buying it IRL. Who wants to get in the car and go shopping, after all? (Not to mention: you'll save gas. Always a good thing.)
There are always two questions I ask when I'm thinking about the future prospects of a stock; one is am I spending my own money there? and the second is, do I believe in the management team? The answer to both questions, for me, is still "yes." I think I'd wait until eBay dips a bit lower, but under $35 is definitely a sweet spot for me.
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Reader Comments (Page 1 of 1)
4-27-2006 @ 8:59AM
Rick Hoffman said...
It appears that there has been an exit of some institutional ownership and also pressure for option automatic sales by executives. most important though, is the obvious amount of block short selling. I belive that your take on the value of the stock, considering the current retailing environment is totally correct. so,I am a buyer this morning, and will love to se the probable short squeeze that will be in the near future