posted on September 21, 2001 04:29:32 PM new
Almost every stock is taking a hit. Letting bad news from a handful of scummy terrorists run the market down is truly pathetic--investors and analysts should be ashamed of themselves for acting like wimps. This country is going to war, the market should be going UP! Right now is an ideal time to buy stock.
eBay itself is way overvalued and the market will prove this out. The only business that really seems to benefit from eBay is the Post Office, and they are crying the blues.
posted on September 21, 2001 05:19:35 PM new
Strangely, the analysts keep talking about how secure stock investing is etc., to try to get people to stop liquidating.
What they don't understand is that investors don't care how secure their "portfolio" is when they themselves do not feel secure.
When you have some builders expressing the thought that "tall" buildings shouldn't be built anymore, what do you think investors are thinking, when the most "powerful" country in the world has to adopt building codes dictated by terrorism.
Our economy is like Great Britain's during the blitz, until the U.S. takes steps to reasonably assure that these attacks can not happen here.
How much would anybody want to invest in something that has a real chance of being blown up, poisoned, or otherwise destroyed ?
Until the U.S. military acts, and acts decisively, expect more unemployment and a falling stock market. A few strategic bombing raids won't do it.
edited to add- economic hardship experienced by the whole nation will also greatly sway public and political opinion to take the necessary military actions.
[ edited by REAMOND on Sep 21, 2001 05:23 PM ]
posted on September 21, 2001 11:28:35 PM new
eBay has been as high as 70 in the past few months. It was hovering at about 56 in the few weeks before the incident. It is now trading at about 44.
posted on September 22, 2001 12:15:09 AM new
I don't know, folks.
Consider:
Israel has a mini-WTC several times a decade, yet their economy continues to percolate along. Point being that people adjust to their circumstances and get on with the pursuit of happiness, which in our economy means---spending. How long before the hurried trip to the grocery store turns into a more leasurely stroll at the (low-rise) mall?
WWII is credited with finally bringing us OUT of the Depression. Agreed, the economy was not nearly as consumer-driven as now, but still....If we can keep OPEC on our side, we'll do OK.
Do you think that ebay's retailing strategy will endure? Will online commerce become part of the retailing culture (which is where ebay itself is going with half.com and the But It Now option)? If so, then do you see any significant rival to take away ebay's current monopoly over the next decade?
posted on September 23, 2001 05:52:33 AM newREAMOND: I just love nonsense statements like that one! This is supported by....what hot air and flatulence??
posted on September 23, 2001 02:49:54 PM new
"Israel has large income from heavy tourism, as well as from donations from individuals and organizations around the world. USA is aiding Israeli economy at the level of US$ 3 billion annually, of which 1,8 billion is allocated to military expenses, the remaining to the civil economy of Israel. Since Israeli economy still runs on heavy deficits, the country cannot be without this help, even if the recent governments have declared economic independence as of its main objectives."
American aid amouts to over 3% of Israel's GDP - do the math.
The growth rate in Israel's GDP is less than 2 percent, since inflation has dropped.
Without the American aid, Israel is in negative growth. THAT IS NEGATIVE GROWTH WITHOUT AID. NEGATIVE GROWTH IS NO ECONOMY.
Israel also receives restitution payments from Germany and a significant amount of funds from World Jewry.
There is no economy in Israel without the aid.
The $3 billion plus that the US sends to Israel, over half must go to defence, the rest goes to civil infrastructure. The US has also gave other grants to Israel to specifically fight terrorism.
A country on continous hot war footing can not develop an economy.
[ edited by REAMOND on Sep 23, 2001 03:09 PM ]
posted on September 23, 2001 05:06:25 PM new
The CIA paints a considerably brighter picture:
"Economy - overview: Israel has a technologically advanced market economy with substantial government participation. It depends on imports of crude oil, grains, raw materials, and military equipment. Despite limited natural resources, Israel has intensively developed its agricultural and industrial sectors over the past 20 years. Israel is largely self-sufficient in food production except for grains. Cuts diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are the leading exports. Israel usually posts sizable current account deficits, which are covered by large transfer payments from abroad and by foreign loans. Roughly half of the government's external debt is owed to the US, which is its major source of economic and military aid. The influx of Jewish immigrants from the former USSR topped 750,000 during the period 1989-99, bringing the population of Israel from the former Soviet Union to 1 million, one-sixth of the total population, and adding scientific and professional expertise of substantial value for the economy's future. The influx, coupled with the opening of new markets at the end of the Cold War, energized Israel's economy, which grew rapidly in the early 1990s. But growth began moderating in 1996 when the government imposed tighter fiscal and monetary policies and the immigration bonus petered out. Growth was a strong 5.9% in 2000. But the outbreak of Palestinian unrest in late September and the collapse of the BARAK Government - coupled with a cooling off in the high-technology and tourist sectors - undercut the boom and foreshadows a slowdown to 2%-3% in 2001."
posted on September 23, 2001 06:01:18 PM newWhat they don't understand is that investors don't care how secure their "portfolio" is when they themselves do not feel secure.
I don't know about anyone else, but I'd feel a whole lot more secure if the government would kick out the dozens of KNOWN members of bin Laden's terrorist groups who are *still* in our country.
Apparently they're all under constant surveillance, but that doesn't reassure me very much for some reason...
posted on September 23, 2001 06:18:58 PM new
Speaking of the stock price, if you want to know what's going on with it, look at one aspect, these are Meg's transactions over the past year, doesn't look like she has too much faith in the "community," does it, especially in August...
Declared Holdings
Relationship/Company Reported Type Shares
Value
Chief Executive Officer,Director,Officer and Director,President
eBay Inc
NasdaqNM:EBAY
(historical quotes, profile, other insiders) 8-Aug-01 Common 6,671,449
$416,232,000
$333,572,000 as of 8-Aug-01
as of 18-Sep-01
7-Sep-01 Common *3,728,780
$197,439,000
$186,439,000 as of 7-Sep-01
as of 18-Sep-01
Transactions Reported Over the Last Year
Date Shares
Stock Transaction
20-Aug-01 * 30,000
EBAY Sold at $59.79/Share.
Proceeds of $1,793,640.
17-Aug-01 * 30,000
EBAY Sold at $59.11/Share.
Proceeds of $1,773,240.
16-Aug-01 * 60,000
EBAY Sold at $59.07/Share.
Proceeds of $3,544,020.
15-Aug-01 * 40,000
EBAY Sold at $60.53/Share.
Proceeds of $2,421,320.
14-Aug-01 * 40,000
EBAY Sold at $61.75/Share.
Proceeds of $2,469,880.
13-Aug-01 * 60,000
EBAY Sold at $60.60/Share.
Proceeds of $3,635,880.
10-Aug-01 * 6,000
EBAY Sold at $61.90/Share.
Proceeds of $371,400.
9-Aug-01 * 20,000
EBAY Sold at $62.87/Share.
Proceeds of $1,257,360.
8-Aug-01 200,000
EBAY Gave as Gift.
Value of $12,478,000.
8-Aug-01 * 25,000
EBAY Sold at $63.84/Share.
Proceeds of $1,596,125.
8-Aug-01 * 200,000
EBAY Received as Gift.
Value of $12,478,000.
7-Aug-01 * 30,000
EBAY Sold at $63.83/Share.
Proceeds of $1,914,960.
6-Aug-01 * 30,000
EBAY Sold at $63.35/Share.
Proceeds of $1,900,560.
3-Aug-01 * 30,000
EBAY Sold at $62.42/Share.
Proceeds of $1,872,570.
2-Aug-01 * 9,000
EBAY Sold at $62.28/Share.
Proceeds of $560,502.
1-Aug-01 * 25,000
EBAY Sold at $62.33/Share.
Proceeds of $1,558,250.
31-Jul-01 * 15,000
EBAY Sold at $62.03/Share.
Proceeds of $930,495.
