posted on March 25, 2005 06:18:43 PM
If I had the money, I would sell short ebay stock. I don't think ebay has a good future. I'll check back here in 2 years and see if my prediction is correct!
posted on March 25, 2005 06:44:33 PM
Didn't the stock split the first of Feb or thereabouts?
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Just making sure the "SMILIE" thread doesn't die (we all could use SMILIES every now and again! http://www.vendio.com/mesg/read.html?num=2&thread=187440&id=187440
posted on March 25, 2005 07:28:53 PM
I sold all mine,,,,,,and now sell all my JUNK on craigslist.org.....e bay is on it's way DOwn,,,,,,,,5 years was long enought,,,,like they say,,,,What goes UP Must come DOwn,,,,,,,e bay had it's haydays,,,,they screwed it UP themselves and NOW they will pay the price for all their FEE increases and ENHANCEMENTS......
posted on March 26, 2005 09:12:09 AM
How can anyone say ebay is going down the tubes? One so-so quarter and everyone wants to bail. The experienced investor knows that the time to buy a stock is when nobody else wants it. Shorting it when it has already gone down 40% is stupid. Why didn't you recommend shorting when it was 120?
Ebay has absolutely no competition in most areas. We small sellers are getting squeezed, but ebay hasn't liked us for years anyway. They get a book dealer to put 12000 items in a store and that negates 1000 small sellers dropping out.
The stock is still a long term hold in my view. The shorter term will be rocky, however. My recent purchase is down 15%, but so what? I am in it for the long term.
posted on March 26, 2005 10:18:09 AM
I don't think that eBay is anywhere near collapse. Nobody has made mention of their cash cow, PayPal. That is one of the smartest moves eBay has ever done. I agreem this is the time to buy, not sell.
