Thursday, January 15, 2009

Bought some ebay stock

Haven't had much to post about in a while, but wanted to mention that I have stuck my toe back in the market waters with a small purchase of ebay stock. There's so many beaten down stocks right now, but at 9X earnings for a powerful franchise I figured this is a chance to pick it up on the cheap. In addition to the main site, I'd noticed that ebay's paypal is becoming a common payment method on many websites all over the net - and it's my preferred method of online payments. I don't know much about the prospect for their online phone skype, but I liked ebay in the 20s, so at 13 I just wanted to open a small position.

We'll see how it goes.

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