How One eBay Inc (EBAY) Bull Upped His Bet
By enacting this tactic, Tuesday's big trader expects EBAY to continue moving up the charts, beyond $56 by the closing bell on Friday, Jan. 24, when the weekly options expire.
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Since: Nov 13
#1 Dec 26, 2013
The only measure of a listed company’s success is its share price; Johnny Ho is now in the seventh year of his “three-year turnaround” of eBay, he’s expended a whole lot of shareholders’ funds, and still there is little sign of any improvement.
So, what does the “smart money” on Wall Street think about Johnny Ho’s dream of converting eBay into the “Westfield Mall” of online shopping? Well, in late 2007 both eBay’s and Amazon’s stock prices were ~$40; now, with the US stock market at an all time high, eBay is still only ~$55 and Amazon is ~$403. What more telling data does anyone need to know that Johnny Ho has been an unmitigated disaster for all concerned—except for himself, of course?
Since “Chairman Ho” arrived on the scene, eBay’s long-suffering long shareholders have, relatively speaking, been effectively going backwards—at a quite steady rate of knots—notwithstanding the nonsense that constantly spews from the eBay Dept of Spin …
The only people making any money out of eBay are Johnny Ho and the gaggle of like-bodied headless turkeys that he has surrounded himself with, and with whom he apparently spends all day blindly running around in circles with in the eBay executive suite.
Just how much longer are eBay’s major institutional investors going to let the Ho turkey survive with such continuing poor results and increasingly bad consumer responses in the press, about which not even all the hot air generated in the eBay Dept of Spin can counteract?
I also have to wonder if Pierre has ever thought about just how much more fabulously wealthy he might now be had he not ok'd the handing over of the control of eBay to this incompetent, destructive, unscrupulous, narcissistic sociopath—Johnny Ho?
Clearly, the message from the smart money on Wall Street is that eBay Inc. is a "dog" and Johnny Ho is an utterly incompetent dog handler ... http://bit.ly/11F2eas
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