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Thatedeguy@Zecco

Time to Buy eBay?

eBay is about to announce their results for the third quarter and chances are they haven't moved much since last quarter.  The stock is still down on the year and is still slumping. 

I can't imagine that it will go much lower than $25 unless we get some really unexpected news from them.  Their P/E is at about 29 which makes them fairly attractive as well.  Also, if you're into short time stocks, this holiday season should be the best they've had.  Which could make for a pretty good short term gain come Jan-Feb and even into the 2Q of 2007 as people start selling the stuff they couldn't return.

I do a fair bit of coverage of eBay at eBay Habit and really think that the company is in a slump, but is certainly not showing any signs of weakness.  There are no serious competitors at this point and profits continue to grow. 

eBay's a buy in my book.
Published Tuesday, October 17, 2006 4:03 PM by thatedeguy
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nyuen1976 said:

nice call!
November 2, 2006 1:05 PM
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About thatedeguy

I'm a late 20's dabbler in all things online. I run several blogs and am a budding online entrepreneur. Basically, that means I spend an amazing amount of my time online and make little money doing it.

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Thatedeguy@Zecco
Thatedeguy@Zecco is the Zecco based extension of Thatedeguy(http://www.thatedeguy.com) where I'll be discussing stocks, stock picking, and some of my favorite stocks. Don't expect expert analysis, just some common sense(maybe).

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