{"id":169,"date":"2007-06-11T11:33:51","date_gmt":"2007-06-11T15:33:51","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/2007\/06\/11\/ebaycrimes-follow-up\/"},"modified":"2016-09-20T02:58:17","modified_gmt":"2016-09-20T06:58:17","slug":"ebaycrimes-follow-up","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2007\/06\/11\/ebaycrimes-follow-up\/","title":{"rendered":"Ebay Follow Up – Still Coming up Short"},"content":{"rendered":"

On March 19th 2007, I wrote an article concerning what looked like a widening, almost epidemic scam that was affecting me personally on eBay. In doing so, I pointed out that this could be a recipe for disaster that could financially problematic for eBay as their reputation and trust could be at stake. (Article<\/a>). At that time, the stock was hovering around $32.<\/p>\n

 <\/p>\n

\"EbayCharts<\/p>\n

Fast forward to April 19th when the eBay earnings came out. The numbers looked solid and there was a good number of investors looking to ride an up swell, which never materialized. In fact, an article in Blogging Stocks was explaining how there was a great deal of potential that should be soon seen. The author stated: “We blogged earlier in the year<\/a> that eBay was due to take-off again, which is proving correct. Stay with this stock and if you don’t own it, I’d consider getting into it.”<\/p>\n

Looking at the chart above, we can see that while the report from eBay was rather positive, investors did not feel that it was good enough. A drop in listings in the US and Germany markets were to blame as was eBay’s focus on higher priced items was not panning out at the time.<\/p>\n

Since then, there has been a precipitous drop in the share price of eBay, down over 10% since the earnings release. Even Rosa, who was the #3 commenter on the Blogging Stocks article should realize that even in the face of a bull market condition that eBay shares are having some trouble. (Rosa pointed out that laughing at other people’s ideas is a fun pastime, but she incorrectly timed the commen<\/a>t<\/a>)<\/p>\n

No harm, no foul. eBay is now approaching an important support level of $30. Since March 2006, it has seen that price as “hard support” four times and from a technical standpoint, if it breaches it, the stock could see $27.50 as its next support level. The biggest concern is that eBay has been sliding in a BULL market. If investor sentiment changes for the markets, eBay could move down quickly.<\/p>\n","protected":false},"excerpt":{"rendered":"

On March 19th 2007, I wrote an article concerning the seemingly epidemic scam that were personally affecting me on eBay. In doing so, I pointed out that this could be a recipe for disaster that could financially propblematic for eBay as their reputation and trust could be at stake. (Article). At that time, the stock was hovering around $32.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[21,42],"tags":[22,483,486,490],"class_list":["post-169","post","type-post","status-publish","format-standard","hentry","category-short-ideas","category-stocks","tag-follow-ups","tag-markets","tag-short-ideas","tag-stocks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=169"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/169\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}