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Technology Stocks : OnSale Inc.
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To: Joe Waynick who wrote (1381)7/26/1998 2:01:00 PM
From: aps  Read Replies (1) of 4903
 
Joe,
I think they will barely break even, which is quite an accomplishment. I would not set my expectations too high. In my opinion the best case is +2c and worst is that they barely meet the consensus estimate.

In either case, if the market is good next week for internet stocks it will pop up to $30. If it continues to be down, we will see $22 - $24, even if earnings meet my best case.

So it all depends on the mood of the street next week. So let us hope that there are some positive indicators out before the earnings come in, like improvement in asia(although it may not affect the stock directly), or that bloody greenspan turns around and says something positive(which is unlikely). Basically whatever it takes to get the bullish trend back in the market. Let us hope for the best.

Good luck to all,
aps
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