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Fear? If fear equates to 35 years in the markets and watching the
lunacy of the high tech bubble, (which is still trying to re-inflate at
every tinkle of positive news), then yes, it is fear speaking. I've
never witnessed such mass hysteria driven by inane beliefs of
infallibility in my life. I'm not saying that someone else
shouldn't short Ebay or buy puts, etc., I'm just saying that I am not
going to pick one of the net lunacy plays to short. There are far
more predictable and safer plays for this trader.
Bob
At 02:24 AM 10/25/2001 +0100, you wrote:
Bob,
You wrote,
"Date: Wed, 24 Oct 2001 14:53:27 -0500
From: BobsKC <bobskc@xxxxxxxxxxxx>
Subject: Re: EBAY hand holding
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"
Sounds like fear speaking to me. Who do you think
takes the other side of any net buying trades in Ebay?
That is what specialists and other market makers do day in day out - and
make money at it too. I cannot imagine they are full of
fear when they pay in their profits at the bank.
Regards, Ric.
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