|
PureBytes Links
Trading Reference Links
|
At 08:10 AM 10/24/2001 -0600, you wrote:
Me either, Earl. I've had my head handed to me far too many times to short
stocks running on steam generated by unreasonable and unsustainable
enthusiasm. Ebay is a big name for even the most novice internet
user. Lest we forget, tens of thousands of people still use Ameritrade..
these same people will buy Ebay because it's a name they know and see
regularly.
All best to those on both sides of this one.
Bob
>Note that I do not have a position in EBAY. It's a personal preference but I
>don't like to short stocks which are wildly popular.
>
>Earl
>
>----- Original Message -----
>From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Cc: <HaleMeToo@xxxxxxx>
>Sent: Tuesday, October 23, 2001 11:41 PM
>Subject: [RT] EBAY hand holding
>
>
> > Dorothy, Earl and others,
> >
> > A day or two ago, Dorothy highlighted EBAY as an interesting stock. Earl
> > posted that it had potential and, without making any recommendations, he
> > suggested that it be watched for an entry on a retracement to the vicinity
> > of 56. My assessment of why EBAY is a good short and why 56 is a good
>entry
> > follows. I would appreciate comments from Dorothy, Earl or others that
> > point out factors that I am missing or that I am under/over emphasizing.
>I
> > am still learning and it would not be a good idea to trade based on my
> > analysis.
> >
> >
> > Good short (as of 10/19)
> >
> > 1. Lower high
> > 2. Broke through 50 and 200 d MA on high volume
> > 3. Gapped down on high volume
> >
> > Good entry @ about 56 (as of 10/23)
> >
> > 1. 50 and 200 d MA at about 55
> > 2. bottom of gap at about 54.75
> > 3. 38.2 percent retracement at about 56.19
> >
> > Also, why is 56 a better entry than 60 which is
> > 1. top of gap from 10/18 - 10/19 and
> > 2. 50 percent retracement.
> >
> > Thank you for your help.
> >
> > Dan
> >
> >
> > _________________________________________________________________
> > Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Protect your servers with 128-bit SSL encryption! Grab your copy of VeriSign's FREE guide: "Securing Your Website for business" Get it Now!
http://us.click.yahoo.com/M.WTOC/m1FDAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|