Google is having a big big day off of the eBay news. At least this is my perception as I think money will rotate out of eBay on the off chance that the Skype deal really does mean growth in auctions is over.
I concede that I may not be the first one to come up with the idea but I haven't seen it anywhere else yet.
It would surprise me if eBay's growth really is over but who knows. I disclosed that I bought Google almost across the board in August at an average for most clients of $288.48. I have bought it subsequently at different prices for several new clients. The $10 move today is probably overdone but Google has demonstrated the ability to move a lot on certain kinds of news.
When I bought the stock it had been hovering around $290 for a while and I thought I had a decent entry point. I don't really have a feel for the $309 level as a place to enter. I should also note that I did not buy it expecting to hold it forever.
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