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Technology Stocks : OnSale Inc.
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To: Scott Moore who wrote (1369)7/25/1998 2:20:00 PM
From: aps  Read Replies (1) of 4903
 
I happened to meet an employee of onsale, a few weeks back..and according to him, the company was doing tremendously well. He suggested that the company stock was undervalued at these prices(it was $24-25 at that time), and it should shoot up after the street sees its performance in the latest quarter.

Let us see if he was right. In my opinion this company may come out with good results...but if the market is sluggish as it has been in this last week, we may not see this stock rise significantly. However, if on monday or tuesday, things pick up with a couple of positive indications, we could easily see this stock break through $30. Moreover, there is not much negative potential at this price at least not long term(1 month). Even if it falls below $24 it will come back up very quickly.

So let us hope that the market gets back into the bullish mode next week.

aps
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