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Technology Stocks : OnSale Inc.
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To: Pauly who wrote (959)3/20/1998 3:22:00 PM
From: saber hormi  Read Replies (2) of 4903
 
4 Million bids... let's take a close a look at those bids.
Onsale auctions (I would say half of them) start as low as 9 dollars for products that sell for 500 to 1,500 (more or less), and bid increase could be as low as 5 dollars. Believe it or not most people would start their bid at the initial price 9 and keep increase their bids by 5 dollars until the target price of 500 or more. Do the math of the bids entered, you can have as much as 100 bids, theoretically, to sell one product, I'm not saying that's what happens all the time but one has to realize that bids don't mean a thing and ONSALE shouldn't try to use that number to boost their stock price.
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