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Sell EBAY!: Against the Grain

MONTAUK, N.Y. (TheStreet) – EBAY had quite a bit of topspin in trading yesterday (up 6.56% to 31.80) but a flat gaze shows a portion of the move to be overdone. Let’s start with the legit portion of the move: the Federal Reserve Board of Governors removed a lurking hazard for EBAY by excluding it from certain debit card fees. Traders had reason to be Good Time Charlies there, at least to a …

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