was sht 5 covered 4 this morning @ a 1.22pt loss...with a token lot of 1 I can take all the pain they can hand me.. good luck no matter what your pos! C.
don't short anything based on valuation unless it is a very small position for you and you have a stop loss order in. This stock has shown 1999 style momentum. It will crack eventually, but it could go to 100 first.
So far, so good. Down 1 point from its intraday double top a few days ago. Not much of a cushion in a stock like this, but better than nothing.
Check out Jenna's posts: http://www.investorshub.com/boards/board.asp?board_id=460 She is stalking EBAY also.
Actually, its personal for her, which I don't agree with as a good motivation for a trader. She took a loss on her EBAY options and taking it out by scalping EBAY short. It showed weakness this Friday, but it's still holding at support. No major breakdown yet or significant bearish confirmation. Let's see what Monday brings.
10:09 ET eBay falls after 10-K filing (EBAY) 86.66 -2.63: --Update-- Within document, co discloses that on March 28, PayPal received a letter from the U.S. Attorney for the Eastern District of Missouri indicating its contention that PayPal's provision of services to online gambling merchants violated 18 U.S.C. § 1960 of the USA PATRIOT Act, which prohibits the transmission of funds that are known to have been derived from a criminal offense or are intended to be used to promote or support unlawful activity, thereby subjecting PayPal to potential civil forfeiture of the amounts it received in connection with such activities as well as potential criminal liability
Nice breakdown right now on EBAY as volume picks up.....should be attracting momentum players by now....
Congrats to all fellow shorts on this one. I'll be taking half my position off the table by the close today.