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Ebay Stock-good buy now?

Old 02-04-2005, 10:58 AM
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Default Ebay Stock-good buy now?

Given the recent 33% or so decline of ebay's stock...does anyone think its a good buy now?
Use to own but sold now thinking of getting back in!
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Old 02-04-2005, 11:58 AM
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Default RE: Ebay Stock-good buy now?

Not yet - it keeps falling with no indication of support. Once some hint of support is found, then jump in - if you're so inclined.

But remember that the p/e is still at 67+ even after the big drop. So fundamentally, the stock isn't attractive. This stock trades based on what people think ebay will earn in a few years , not tomorrow, not today.
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Old 02-04-2005, 02:23 PM
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Default RE: Ebay Stock-good buy now?

Has some psycological support at 72, the low of the August selloff. Remember, Ebay splits 2/1 on the 19th of this month, and you could be looking at a $35 price. Go back and look at your daily charts and see how long it takes Ebay to double after a split. Or, I should say see how quickly it doubles.
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Old 02-04-2005, 03:59 PM
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Default RE: Ebay Stock-good buy now?

Ebay has a market cap of $50bil - roughly 2.5X that of General Motors. Does that make sense?

So yes, if Ebay goes ahead with a stock split (even after the price has taken a bath), you could make some quick bucks. But I wouldn't go too long on the stock.

Sure was a great short candidate on 1/1.
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Old 02-04-2005, 04:11 PM
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.XBAPB
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