On September 10, I wrote about why I bought Ebay stock. The short version is that it will be hard for other online auction sites to compete with Ebay. I also like their new deal with Google to supply advertising. I didn’t mention it then, but I also like all the free advertising they get. People email each other weird Ebay auctions and newspapers talk about the big charity auctions that happen on Ebay.
What I really like is that Ebay is now over $31 – a better than 12.5% gain in a month and a half or so.