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eBay: Stock Fully Valued at Current Price

Paypal is only making money because ebay has instituted an illegal paypal only payment monopoly. This will be struck down by either the already filed class action anti-trust lawsuit or hopefully by a justice department/SEC/and administration no longer willing to tolerate the abuses of American Companies.

Ebay will go the way of Enron and Madoff as their illegal attempts to suck money out of their users backfires. Nobody wants to buy there because of the rampant shill bidding since they removed transparency from the bidding experience. Nobody wants to sell there because of 2 fee increases, no ability to leave honest feedback, constantly being cheated by fraudulent buyers and non paying bidders and the fact that ebay has NO customer service.

Ebay stock ended near it's historic low and their refusal to give any guidance for 2009 shows that they know it is going to only get worse for ebay. Stay away from this stock if you value your money. Even Meg Whitman and Pierre Omyidar are dumping stock, check the insider trading portion of their quarterly reports if you want to know how much stock they have dumped.