Horrible things happen all the time to us small investors. This one makes me totally angry, because I have seen it come:
- On October 17 2007 Ebay posts a loss of $936 million for the third quarter loss because of Skype’s $1.39 billion write-down: someone at EBay said that $4.1 Billion paid for Skype was too much.
- My EBay shares tumbled 17% in a month because of that write-down
- On November 16, 2007 I posted on this Blog: “EBay, you don’t fool me! Everybody is selling because EBay posted losses for the first time since 1999… There is just a little detail: those losses don’t exist! Those losses were written by someone on some piece of paper to fool someone else.”
- In March 2008 Ebay reached -33%, losing a third of their value since October
- Today we read that Google wants to buy Skype at a price between $5 Billion and $6 Billion. Much more than the $4.1 initially paid by Ebay for Skype. I was right! The write-down was totally fake. Skype had increased its value as I demonstrated in November. The fake write-down cost Ebay shareholders billions of dollars. It was fake. I wrote it. Whoever is responsible for the idiot writedown should pay.
BUY, SELL, KEEP 
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