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