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Technology Stocks : OnSale Inc.
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To: linzy who wrote (1670)11/20/1998 7:30:00 AM
From: Mike da bear  Read Replies (3) of 4903
 
mdb,
I find your response a mystifying overreaction. I myself detected a note of humor in
whats-his-names post........
But then again, it was posted before todays spectacular runup.
Or perchance you are short the stock?

Currently not short, have been at times. I get upset if I perceive I'm being
screwed no matter what the dollar figure is. The only reason I'm not upset
any longer is that ONSL didn't bill be 3 times for the item so at least I don't
have to file a dispute with the CC company.

BTW, I still haven't heard any response on the customer service request I filed on Tuesday morning. Now 3 days and counting, I don't think that's a positive for the company.

Also, I wouldn't call todays gain a "spectular" runup... 8% gain is good though.
If you want to see spectacular look at YHOO or AMZN or EBAY.

IMO, I wouldn't buy this stock. This is an online retailer selling mostly refurbed goods. There's a limited supply of that stuff out there and they'll be more competition from other on-line retailer to get it. Meaning the cost to ONSL
will start to increase.

You can't expect the multiples of a retailer to match those of YHOO which can
sell the story of never-ending advertising revenues. I'll look to reshort after
the xmas runup. As long as CNBC is having daily E-commerce specials it's not the time to short.

mdb
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