New Trade: Short EBAY
Ebay [[EBAY]] is reporting after-hours.
I’m sooooo sorry to see the company deteriorate like this. It used to be really great! I loved their site, but no more.
They should have left things as they were about 4-5 years ago. That was their peak.
Anyway, no matter what kind of earnings, P/E = 40. Shorted a “trial batch” of 100x shares. Target – single digits.
I wish them well. I’d much rather go long their stock, than short, but it is what it is.
I’m just all over the place today, traded what feels like 20 names.