Tuesday, February 3, 2009

Closing Ebay

Sold last portion of Ebay (EBAY) today. Company obviously lost its way. Internet commerce rocks, Amazon.com (AMZN) and Google (GOOG) report great results, even Overstock.com (OSTK) is doing fine. This is management problem. No sense in keeping this position anymore.

Full disclosure: at the time of publication author had a long position in GOOG and no positions in other companies mentioned. Positions can change any time.

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