As Google and Amazon have surged, Yahoo and Ebay have withered. Dumb acquisitions get factored in surprisingly fast on Wall Street.

About 9 months ago, Ebay began a climb back from the mid $20′s to today’s $39 and change. Inside circles had obviously given up on the Skype acquisition and the big institutions had it factored in and the money began flowing back into EBay. Obviously the big money feels that management won’t go crazy again and stick to it’s knitting. So the actual news today was not met with any big move in the stock .

Here is the bearish case . Some great points made. To be fair, here is the bullish case by the same author .

Me…I am more bullish on the idea. If Capital One can do it, why can’t the free market succeed. In the UK, Zopa.com has had a one year head start on Proper and is said to be doing quite well which bodes well for the more aggressive United States.

Best way to learn is watch and follow someone else’s trailblazing .

My friend Andy Swan on MyTrade.com is also an addicted lender. Here are his trials and tribulations on 10 small loans .

Overall, a cool way to participate in capitalism with loose checking account cash if you ask me.

PS – Try out kiva.org as well for microlending if you like the whole concept. Seems like a great way to give back if you can’t do the time!

Nice work as usual by Om Malik .

Oh man, will the shorts be busted on a big acquisition in tech. Bust away.

Just sold most of my Ebay. I still like this market but want the Ebay money to deploy to better strength and breakouts. I have limited stock market capital these days because as usual, my timing sucks.

Ebay was a bottomfish that I got right. It has been a huge winner for me from the mid 20′s. I was wrong on the Yahoo bottomfish but cut my losses quickly. EBay is much better but a 30 percent move in the stock in a huge downtrend is more than I thought and more importantly, MUCH faster than I thought. Adios.

Another bottomfish – one that I have no intention of selling is Navteq (NVT). GPS stocks are back in vogue and I thought this stock was being unduly punished at $25. I owned some higher as well and bought some in the mid 20′s. The stock is now back at $33. Seems to me that NVT is the Intel inside GPS software.

Have a great weekend. I am up in Toronto for the weekend and looking forward to seeing family and friends.

If I was a competitor to Google, I would stop freaking out over YouTube (mini tsunami), because you may miss the REAL TSUNAMI.

I don’t know the order of acquisition, but if I was in charge of Google, I would be going for the FREAKING JUGULAR of TECH and the Consumer.

1. To keep people scratching their heads I would do a quick swallow of Zillow – JAB, JAB, CROSS! Zillow gives Google an entry into the biggest consumer market and YouTube gives Zillowers a chance to quicly put a tour up with all the facts. Throw in some personal touches and get the buyer out to see your home, with directions from Google and all the facts from Zillow.

2.3. and 4. 5. and 6. can all be announced on the same day. Apple, RIMM, Ebay, Akamai and Adobe.

Take a big picture of all the CEO’s flipping off AOL, Microsoft, Yahoo, News Corp, Diller and the Justice Department on the front lawn of GoogleCity USA :) .

Apple would likely have been hostile a few months back, but with Schmidt on Apple’s board, the SEED is in place. The rest get their huge payday and go away if they don’t want to play.

To ensure the deals go through – BUY TASER and arm the employees and LOCKHEED MARTIN to protect the Googleplex or Googleville.

What the hell – after taking a few weeks off, BUY PHILLIP MORRIS and shut it the fuck down so that people live long enough to enjoy all the toys! BUT – make sure you push through legalized marijuana. Let’s face it. How much more fun would surfing the web and YouTube be. Shit, you may not even have to buy Akamai, because the web will seem fast enough.

PS – I would than buy Chipotle’s because you need to feed eveybody :) !

PPS or PSS – Owning Sanofi – maker of Ambien – may be a little tuck in so that we could control everyone’s sleep habits. BUT THAT’S IT!

PPSS or PSSP or whatever – The new guys will be chirping about buying an airline. NEVER buy an airline. It would kill everything :) .

I really hope Google f@#$ked the bankers in this deal and did it themselves. What advice could they have provided? Oh yeah – don’t so it!

See ya Calacanis, See you Netscape, See you AOL, See you Yahoo (not really – but lot’s more heavy lifting), Adios SONY. WOW!

Ebay is the only big warrior not attacked by this move.

PS – APPLE IS NEXT IN SIGHT :)

PSS – Google has added over $4 billion in market capitalization since the rumor started, so short-term, the market has spoken on the synergies. That I don’t trust for what it’s worth!

PSSS – Let’s just shoot all the lawyers because unfortunately, they just made a few billion in coming lawsuits. BUT, that is just a rounding error in the big picture.

Disclosure – Long – Ebay

Akamai passes $52.

Rimm is near $110

Doesn’t matter.

Did not sleep worrying about my Anglian account. I m making calls to get a picture of my client’s investment. I see another letter in my inbox – this one from Vega Plus:

VegaPlus Letter.pdf

Big Woop. All the letters won’t make up for the calls Julian has had with the manageres at my account. I will find out today I imagine.

To throw acid on my wound I am watching CNBC in the hope of some news -ya right. Instead, “Pat” from Saturday Night Live (Abby Joseph Cohen) was babbling about Dow 1 billion.

One of my favorite market and stock bloggers is back and has a good reason for why he went dark. Congrats. You should read him.

Roger at Information Arbitrage has a great post on Venture Capital Becoming like the Hedge Fund Industry.

Could not agree more and have been putting my money where my mouth is the last few years. I hope to keep doing so.

It goes against all I preach about trend following so please don’t listen to me. I have not bought much but I do believe. I am on the trigger for more on any hint of GOOD news.

It is starting to decouple from Yahoo’s mess – my opinion.

Skype is really only an upside wild card at this point as the price they paid has been shed multiple times since the acquisition.

In the meantime, the market and tape continue their bullish tones. I have only looked at random closing stock prices and all-time highs. I have not seen CNBC or a newspaper in 4 days, but I have never felt more in tune with the market for what it’s worth. Not much hard data to back that up :) . Sorry.

PS – Is Warren Buffet hiding cash in the cars he is selling on Ebay?

I have been talking to some smart folks today and I have no real clear picture. I am now down slightly on the position, but my stop is below $25 so we will see. I won’t look to add until it passes recent highs.

It is obvious that companies are not going to continue to bid up key word prices forever and that like any market, Yahoo is losing pricing power.

Surprised that Google was not down more today.

Amanda has long been a fan of my partner Chartreuse , but that was nice of her either way :) .

Check out her blog and her nice link to all of us .

Amanda is one of the founders, creators and 49 percent owner of “Rocketboom” . She has moved on to work on other projects, but her blog is a fun look inside her life and she has great links to VideoBlogs. It has inspired me to set up a section of my blogroll dedicated to my favorite Video Blogs (Vlogs). Take a tour around when you have some time.

In the meantime, here is one of my favorite Rocketboom episodes with Amanda – the Ebay ad bidding war . That was cool.