Dow Jones Industrial Average 12,273 (UP) Week ending 02-11-2011
My brother will be miserable after he reads this blog. He has held ebay (Symbol EBAY, $34.50) stock for years and years and finally dumped it in January this year. It appears that the stock went crashing through its upside technical resistance line this week, like Harold Abrahams exploding thorough the tape at the finish line. Harold of course is the Olympic champion in 1924 in the 100 meters sprint, a feat depicted in the 1981 movie Chariots of Fire.
So if you are like me and cannot afford to buy stock in Mastercard (Symbol MA, $253 per share) from my Freewilly's recommended 2011 Top Ten List, this is probably a good way for you to invest in a financial transaction business.
Ebay's numbers look like this according to analysts:
Average earnings estimate per share for 2011 is $1.74 per share and for 2012 is $1.94 per share. The 12 month Total Return has been 49.9%.
A few simple words taken from the Book of Isaiah 40 :31 form the inscription on his memorial:
"They shall mount up with wings as eagles; they shall run and not be weary."
So add some ebay to your portfolio this week and grab some popcorn and pick up a DVD copy of the movie "Chariots of Fire" to watch, and become a true champion in your financial race.