From: | Doug Miller | Electronic: | radarsprint -A- yahoo.com |
Subject: | RE: RE: Stock in Ebay keeps going up, and up, and up! | Date: | Thu Jul 14 00:11:17 2011 |
Response to: | 16097 |
I've never sold on E-bay and guess that I'd only sel a piece or 2 per month but keeping track of them as a hobby seller sounds like a lot of work.... and an easy target for the IRS.. Doug ----- ORIGINAL MESSAGE FOLLOWS ----- Look backwards at their stock. Here is the 1998 daily Nov 30, 1998 open $224.44 225.00 188.00 197.63 57,141,600 Wait til Jan 2012 when the new "rules" go into effect. Many people that sell on eBay as a hobby will quit eBay due to reporting of all sales to the IRS. Watch how many folks leave and see what happens to the stock then. ----- ORIGINAL MESSAGE FOLLOWS ----- 1 share of Ebay would have cost $12, 3 years ago. Today, it closed at over $32, and just today J.P. Morgan upgraded its opinion on Ebay, and gave it a price target of $38. Nov 30, 1998 224.44 225.00 188.00 197.63 57,141,600 |