Wednesday, June 1, 2011

Shorting EBAY now at 31.50

EBAY stock is toast! Paypal is the only part if Ebay with growth. Problem is Paypal is now finally facing massive competition. All of these companies have recently announced plans for Paypal type payment systems: Visa, Mastercard, Google, Bank Of America, Chase, and Wells Fargo. The glory days of growth for Paypal will soon be over. Without massive Paypal growth, Ebay stock is terribly overvalued. Buy put options or short the stock. Ebay is headed lower.

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