[This is a backlog for a previous trading transaction. It may not fully represent my thinking at the time of the trading.]

I bought 70 shares of EBAY today, 10 months after my last purchase. My interest in EBAY is based on the following considerations:

1) EBAY has declined more than 70% from its peak of $120 in March 2000.
2) Its business has consistently turned in profit since it went public in 1997.
3) Although the P/E ratio is high, EBAY seems to be able to increase its revenue base very rapidly.

This purchase has used most of my remaining cash from the March 2000 stock option sale. Since then, my portfolio went down 17% due to substantial loss in both MSFT and BYND (sold).