EBAY (Long)...

I like what I see in EBAY following its earnings release last week. Like many other stocks, it has a nice gap-up and is in the midst of consolidating. I would love to see that gap-up get filled and I would love even more to see a low-volume pullback towards previous resistance at $18. This is a very extended stock and I would not be chasing it up here. It could take out the highs of the week and keep going higher, but I don't think that is a likely or sustainable scenario. I'm content to be patient with this one.



Position: none