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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Elmer Rauckman who wrote (283)3/8/1998 8:08:00 PM
From: Tom Hua  Read Replies (1) of 4634
 
Elmer, All internet and e-commerce stocks are overvalued, many of them are not expected to make a dime until 99 or later. But right now internet stocks are hot, and people are in for the momentum ride. I noticed the same thing you did about ONSL's failed attempt to take out its old high. But heck, one day does not make a trend. Keep an eye on it though.

If you think ONSL has no proprietary asset and is overvalued, then you should take a look at SPLN. Compared to SPLN, ONSL is a "bargain".

Regards,

Tom
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