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Technology Stocks : OnSale Inc.

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To: Anton who wrote (1171)6/29/1998 11:35:00 PM
From: Scott Shumaker  Read Replies (2) of 4903
 
FWIW, I've followed ONSL for over 6 months now. This stock has made me some money, but I think its days as the lead auction site are numbered.

Every week another Press Release comes out about a "New Auction Site" being started, in many cases by leading PC retailers/etailers.

This stock may still make investors money, but I just can't see the company being able to dominate its position going forward.

I sold my position last week when it got back up above $29. The stock is not to bad for day trading if you can catch the dips, but that takes more time than I have right now.

For those staying with it, I hope you see lots of upside.

SAS
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