Mo Chips,
Why would anyone buy such a company? The current price should make insiders happy. Bail out time! I don't sell short, but this should be a good one with it's negative earnings. Why is it even a public company, except to catch the "fools that are born every minute"!
Get a product, any product. Sell stocks and when holding period is up, hype it real good and bail out! Many fortunes are made like that. Buyer beware,
humble carl
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ONSALE, Inc.
ONSALE operates auctions on the World Wide Web through which it sells refurbished and closeout computers, peripherals, and consumer electronics. The company's round-the-clock auctions allow customers to bid on more than 1,500 items per week ranging in price from $50 to $1,500. ONSALE has more than 100,000 registered bidders. Its merchandise includes such brands as NEC (which accounts for about 20% of the company's sales), AT&T, Aiwa, Apple, Canon, Compaq, Dell, Hewlett-Packard, Intel, JVC, Kenwood, Lexmark, Packard Bell, Seagate, SEGA, Sherwood, and Toshiba. |
