EBAY was at high of day even in this noon swoon. Textbook bounce off the 50 day moving average. Remember that somewhere around 40% of earnings come from Paypal - making this almost a financial like V and MA. Another chunk comes from Stubhub - the on-line ticket broker which they own. So while it is labeled as a catalog retailer here - we know better.
Monday, April 9, 2012
Monday Noon Thread
EBAY was at high of day even in this noon swoon. Textbook bounce off the 50 day moving average. Remember that somewhere around 40% of earnings come from Paypal - making this almost a financial like V and MA. Another chunk comes from Stubhub - the on-line ticket broker which they own. So while it is labeled as a catalog retailer here - we know better.