eBay Stock Drops 20 Percent in ONE DAY!

For the last six weeks I've been telling you to short the stock because it's the only way to make money on eBay.

One Powerseller did just that, shorting 5,000 shares at a profit of $10 per share!

I told you back when the stock was $25 (and even earlier on the eBay message boards, knowing Qtr 2 would tank).

If you're an investor, you might think now is a good time to buy. Nope. Now is a good time to cover the position you should have taken.

The stock is on a 5 year decline, 1 year decline, 6 month decline, 3 month decline, 1 month decline, 10 day decline, and so forth.

Do you REALLY want to buy into THAT trend?!!?

I'd tell you to buy this thing IF I felt management had their head screwed on straight.... they do NOT.

Category:

News & Politics

Tags:

• CNBC
• short
• ebay
• stock
• analyst
• make
• money
• on
• price
• drops
• 20%
• in
• single
• day

[pressrolls]

Donahoe Norrington and their lemmings must go.

People who love the web and once loved eBay have known this since the start.

Ebay,....wake up and dump Donahoe and HIRE PEOPLE WHO KNOW AND LOVE THE WEB!!

[crazeenydriver]

I don't get it. All they have to do is dump John Donahoe and change their policies. You think it is bad now? Wait till the paypal only restrictions kick in. eBay will be a ghost town!

[Makadonska27]

I suspect it will continue to go down as more and more people realise that the fools outsourced their support. Its now handled in the Philipines. Not touching them because they rely on paypal who started the trend by outsourcing their support calls to India. Customer service went down the drain and customer data went to organised crime. These 2 companies are doing this just as many big financial institutions are reversing decisions and going back on offshore customer service programs.

[ascender555]

The definition of insanity : Doing the same thing over and over again, expecting a different result. Ebay continues to alienate its customer base and expects profits to go up. Insane.

[blabblab1212]

Good! Fuck Ebay!!!!

[moderndesignworks]

Awesome!!!! anyone invested in eBay knows nothing about eBay or never sold on eBay.......listen to so called "experts".......lol..........d­eserve to loose all the money! Can't wait to see the rating goes to junk!

[ozgood1x]

Ebay won't recover now...Doo dah, Doo dah,

ZERO, then it's Gone for GOOD...Oh Doo Dah Day !

BYE BYE EBAY !

[FCKEVRY1]

Wooohoooo!!! Former PowerSeller here! DOWN THE SHITHOLE WITH EBAYYYYYYY!!!! HOOOORAYYY. AND FUCK PAYPAL TOO!!!!! THE FUCKING THIEVES TOOK THOUSANDS FROM ME!!! I owe eBay like $4000 and I think instead of paying my debt to them, I'll use that money to short their stock!!! HOW FUCKED UP!!!! tee hee hee*

[semitar6]

Amen brother...I'm a powerseller who has seen alot of business dried up because people are leaving ebay in search of something better. Managment has really screwed the pooch.

[blabblab1212]

Catalog?? What the fuck is that?  Could you explain?