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Technology Stocks : OnSale Inc.

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To: Colin Cody who wrote (3074)1/3/1999 11:53:00 AM
From: Martin Milani   of 4903
 
you had a good call colin but with these babies it is very hard to gamble much on technical reasons. I remember very well a few months ago where 'i got into ebay at 45 and it started to loose 2 to 3 points everyday and stayed around 25 for a little bit, everything pointed to a down trend and boom gained 7 or 8 points the next day and the rest is history. i walked out selling 80 percent of my position at 85 and the rest at 212..because again the technicals pointed strongly to a downturn in the 90s...it did go into seventies for a little while and then boom...in high hundreds in a very short time. i have no idea what will happen with onsl, but with these internet babies it is very hard to get to technical.
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