posted on April 3, 2001 12:13:52 PM
I got a snip-it brokerage report that downgraded eBay to a "sell" with a target price of $11, BUT that is all it said- it gave no reason- anybody hear anything ?
There was only one brokerage that downgraded to sell- but the stock dropped $4.
posted on April 3, 2001 01:00:51 PM
As of 4:00 EST ebay is down to $31.31 and Amazon has dropped to $8.63 despite reports that it may join up with Walmart.
The natives are restless and it's time for me to finally go back to work, but where? Oh, if we only had the co-op up and running!
posted on April 3, 2001 01:13:52 PM
Maybe the announcement of them selling off names had a bad impact on it. Here's a good link to protest your thoughts or praise them on the process.
posted on April 3, 2001 01:57:10 PM
There is way too much institutional invesment in eBay for a "sell" recommendation to be given by any reputable research firm. They would be blacklisted for life and would be cutting thier own throats.
You need to realize how the game is played... The big guys stick together and make the big bucks. They stay in line and keep the price support in the stock, leaving the losses to the small individual investors. They don't jump out of line by issuing "sell" recommendations. It would only hurt themselves...
posted on April 3, 2001 02:09:44 PM
I wish I was extremely rich or just rich. This is the time to buy into all those great companies for next to nothing. This is what makes millionaires. All my stocks have tanked, but I am in for the long run. They will recoop eventually. I just don't look at them too often because it makes me sick. If you have the money and want to invest, look at some of the solid companies and take the plunge.
