Thursday, October 18, 2007

EBAY (eBay Inc...): Hold Victoriously

OK guys, I know what you are all thinking... Double-You, Teee, Efff... HA! I know huh? The stock totally blows out expectations and is back on track and rolls to 44 in after hours and then the next day... drops to 38. Ya... WTF.

For me personally, I think it's going to take some time for the good news to sink in. So let's all practice a little patience. As the Christmas draws closer, the bad news will finally succumb to the good. Items are converting at a higher rate and selling for more. And this is the third quarter in a row that eBay has exceeded expectations. And let's not forget that this quarter was a clean beat. It didn't go to the cards, it was a knock-out.

Let's also not forget that this Christmas season, there is no got to give gift. Well, maybe those new iPods but golly, those cost a pretty penny. So seriously, there is no reason why this stock shouldn't be back to the 50's. Heck, even the analysts think so.

Barron's just raised price target to $54 and many others think it'll be at $50 by the holiday season so for now, so let's all take a collective deep breath and close our eyes. Before we all know it, it'll be Christmas for all.



Notes:
In Portfolio: Oh dear, more than you know.
Duration: Until it's Christmas
Big Question: How in the world did Sylar end up on that road in Mexico? (Heroes Reference)