I am Now an EBAY shareholder
Posted on 26 September 2006
Today I invested in Ebay (EBAY) stock at $27.06. This is a combination of:
1- Gut feeling
2- Price is near its 52-week low
3- Confidence that it will follow its upward trends from Winter 2004 and Winter 2005 and rise in the next three months (see below)
EBAY 2-year chart
On the other hand, looks like Yahoo (YHOO) will be dipping lower than I had expected. More bad news just came in yesterday about forced vacation for workers during the Winter holidays in an effort to save money. Although Yahoo could potentially dip to the lower $20 range, I am still hopeful that it will begin to rise sometime in the next few months.
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