now ebay could fall further...

well it didn't break out yet, this is a tricky stock, but if you look at the daily chart it looks like a matter of time.

 

it will break out tomorrow when earnings are out. Probably on the upside.

 

Of course I have no position in Ebay at the moment, always try to avoid earnings announcements.

 

great earnings.

 

up $2.03 after hours, 91.25 , 1.6 million shares.

 

Can't understand it, why short the strongest stock in NAZ at multiyear highs ?!?

Can shorts honestly say it's one of the BEST shorts? I'd say it's one of the WORST.

Or as I suspect it's more of an ego thing to say they shorted EBAY 'at the top' (wherever that is) conveniently forgetting they were pounded out higher from much lower prices..

Seriously, IMO many shorts are chronically short ie. always.
Many were maximum leveraged long c1999-2001 and lost it all, and then converted shorts c2001-2002 when they made good money. Since then they can't kick the short habit. Everything is manipulated etc etc. Fact is they just can't trade. Even a 6 yr old can see the yr long uptrend but shorts see tops, LOL.

They forget about sound trading principles and mention fundamentals, PEs..overvaluation - as if everyone doesnt know.

Must be irrational exuberance in another form..

 

first rule of shorting. never short on valuation alone.

 

EBAY will soon see 100.

 

Ebay looks exhausted to me. Its been everyone's darling for long enough. If you want to take me, you can find my offer at 100.

 

16:22 ET EBAY eBay tops estimates; guides higher (89.22 +1.53)
Reports Q1 (Mar) earnings of $0.36 per share, $0.04 better than the Reuters Research consensus of $0.32; revenues rose 94.4% year/year to $476.5 mln vs the $456.5 mln consensus; says company now expects that revenues for 2003 "could be as high as $2.05 billion"; says company's pro forma earnings per diluted share for the full year 2003 "could be as high as $1.41" -- Multex consensus estimates are $1.35 per share and $1.97 bln respectively.