Online retail is emerging as the surprise trade of the year. And eBay (EBAY) the mother of them all comes out with earnings after the bell, Wednesday. How do you trade?
Jeff Macke says he likes the skepticism going into eBay’s numbers in part because they wrote down their investment in Skype. (Macke feels all their dirty laundry is out in the open.) He adds average revenue per item has been ticking up.
Pete Najarian tells the panel he’s not seeing anything in the options market that suggests what will happen with eBay.
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Trader disclosure: On Oct 16, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (INTC) (SWY), Najarian Owns (DISH), (GOOG), (UA); Najarian Owns (IBM) Options ;Najarian Is Short (PNC); Finerman Owns (GS), (C); Finerman's Firm And Finerman Own (KFT); Finerman's Firm Owns (LTD), (NMX), (NYX), (VCLK), (JNJ), (MO), (MSFT), (COP), (BIIB) Finerman's Firm Is Short (WFC); Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm Owns Russell 2000 Index Puts; Finerman's Firm And Finerman Own (FLS)