Ebay..................????

[Ablainecak]

Hi

It seems that EBAY is getting ready for a SHORT. I think the share price of the company may keep continue to move down. And I am targeting to open it around 13.

Could you share your opinion about it?

[abuaboyisonib]

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MACD indicates a Bearish Trend.
The 50 day Moving Average is falling .
The 200 day Moving Average is falling.
I would say your on to something...Im IN on the Short!!
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[aeqyjhjr31]

EBAY beat earnings estimates last quarter and with the holidays coming up it should do well since more people are shopping online.Amazon is taking away some of their market share but S&P REITERATES BUY OPINION ON SHARES OF EBAY with a target price of $23.
Since the market has gone up for the last 3-4 days it might be good for a quick short but I would not hold on to it too long and use a tight stoploss.