On the 19th, I posted some recently sold off stocks that, based on analyst and return expectations, had potential for a quick bounceback. See the original post, Recently Sold Off Stocks With Potential…?
TCK - +4%
ANSW- +16%
CRFT- +5%
GLBL- +0%
HLX- +7%
NCIT- +0%
Total return after two days: 5.3%
Missed Opportunity: eBay (EBAY)
On September 28 I posted on another blog I edit about the possibility of eBay passing along a nice return in a short-run investment. I chose not to take my own advice. Here’s what it did:
Potential purchase price: $28.41 (09/28/2006)
5% sell trigger price: $29.83 (hit on 10/04/2006)
Highest close in 30-day window: $32.78 (10/26/2006)
Max potential return in 30-day window: 15.4%
Currently:
Open price: $32.13 (11/01/2006)
Average analyst target: $31.50
Average recommendation: Overweight
Profile: eBay Inc. (eBay) provides online marketplaces for the sale of goods and services, online payments services and online communication offerings to a diverse community of individuals and businesses. eBay has three primary businesses: the eBay Marketplaces, Payments and Communications. eBay Marketplaces provide the infrastructure to enable online commerce in a variety of formats. Its Payments business, which consists of its PayPal business, enables individuals or businesses to send and receive payments online.