Thursday, June 21, 2007

eBay Going Back To China

According to the New York Times, eBay (EBAY) is getting back into the China auction business. I believe this is a good thing, and should help propel the stock a little higher. Hopefully, the company has learned a thing or two about the Chinese market since their last foray there. Then again, maybe my optimism is just wishful thinking.

Interestingly, there was a large block of 2MM shares that traded in the afterhours market. Anyway, have a good night.

*** Edit #1 ***

EBAY is moving higher today in a strongly down market. So, that's good.

I went ahead and covered the Network Appliance (NTAP) short at 31.25.

1 comment:

Never-Limp said...

Thanks for the semi comment. I like the fact that analysts seem generally bearish on the group despite leading indications things are getting better (and the stocks are confirming it). When analysts finally get around to upgrading the names, it will help push them even higher.