Ebay Stock

[slimfandango]

Have watched this stock with interest ever since it began its journey into the stratosphere. Not sure why it has nearly halved in the last while though. Any suggestions?

[Hammer]

Probably for the same reason that the dotcom bubble burst a few years back - it was most likely overvalued to start with and is now at a more reallistic price.

[Bangkok]

The US analysts had some challenging targets set for EBay that were not met - hence the recent dip.  I do like the Google approach to analysts - we're not talking to you and we don't care.

[slimfandango]

Thanks for those two answers. Any more welcome. It's nearly been cut in half. I always remember not dipping my toe in the water because there was the question of competition, but who competes with ebay now? I'd love to see them with some competition, they just seem the worst kind of company, sift a lot of cash from people and really don't offer a decent service in return.
I'm not really sure if 'overvalue' means anything for this new kind of stock. It's all about perceived value. They're still overvalued now, by old standards! I think IMHO, they may drop a lot further.
Do Google really show analysts the door? Seems a bit dodgy to me...

[El D]

I suspect the increase in online fraud and identity theft has also played a part.