From:Doug Miller Electronic:radarsprint -A-
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..


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.

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