Yesterday, EBAY sold off to as low as 48.47 on heavy volume of apx 35 mil. shares--about triple the average. Today it sold down to 48.09 before creeping back up, ultimately closing at 48.76, on apx 23.5 mil. shares. It seemed like maybe it was finding some support.
The "big" news that was attributed to yesterday's drop was this:
Janney thinks Cyber Monday same-store sales growth for eBay merchants could be in the mid-to-high single-digit range. That would be notable worse than the same-store sales growth ChannelAdvisor has been reporting for its clients' eBay sales. (Market Currents, 11/25/13)
ChannelAdvisor, for its part reported the same day:
ChannelAdvisor Reports eBay's Same-Store Sales Were Up 12.9% in Third Week of Nov. (Benzinga, 11/25/13)
So now, EBAY sits at 52 week lows. I'm reloading. Since I've allocated almost 100% of my investment capital to EBAY, I'm "ordering" some more money to buy some more EBAY. It'll be a relatively small amount compared to what's already in, but I'll be adding to the position, nonetheless.
Disclosure: I am long EBAY.