eBay prediction

I am well aware of the fallacy of making predictions about the future. But I am going to make one anyway!

The eBay share price will never close again as low as it did on the 18th March 2005.

On that day it closed at $35.01. This was an artificial low caused by the S&P500 changing the weighting of eBay in their index, forcing all the index trackers to sell a portion of their eBay shares. There is massive support for eBay at this level, displayed the next market day when the share price rocketed up to well above $36.

eBay has fallen enough now. The share price is gathering breath before the next hike upwards (market permitting of course.) If you want to get in at a good price, now is the time. Quarterly earnings excitement is just around the corner. Don't say I didn't warn you.