The once proud eBay will be but a memory by 2010

As seen by the Google stock discussions, eBay is headed down a seeming irreversible path to zero. Since John Donahoe came on board as CEO, with the apparent blessings of founder Pierre Omidyar, the company's stock has been plummetting faster than the market is dropping.

A catch-22 the stock market is, since eBay is one of the 100 stocks that make up the Nasdaq index. Suffice it to say, as eBay goes, so goes the index. While cheerleaders are busy blaming the economy for eBay's slipping stock price, they fail to notice the correlating relationship of eBay and the Nasdaq index.

In a more direct way of putting it: It is eBays failing policies that are dropping the market rather than the market dropping eBays share price. Simple as that folks!

Amazon, which is also on the Nasdaq 100, reported its best Christmas sales season ever for 2008. We have yet to hear of such news from eBay, and likely will not anyway.

eBay eliminates "live" help...

....and interestingly, the same day they eliminate "live" help their stock rises by 8+ %!!!!

For the typical shareholder who doesn't seem to care about the company's policies, that is wonderful news. To them the slump is over, happy days are here again. However, this may just be the peak of the dead cat bounce which will happen in January after the quarter ends.

Donahoe is just the lightining rod for the whole executive board's actions. Even Pierre Omidyar seems all too happy with Donahoe's leadership.

The 'best match' for us to get the message across is to simply stop selling via eBay, don't buy anything via eBay. It doesn't require anyone to suspend accounts or anything drastic.

Just say "NO" to eBay this Christmas!
No listings
No buying