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Technology Stocks : OnSale Inc.
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To: Doug Fowler who wrote (1537)9/6/1998 12:03:00 AM
From: Don Westermeyer  Read Replies (1) of 4903
 
Doug,

Thanks for the advice. I doubt I will buy into ONSL. Most of the internet stocks are wild gambles at present valuations.

A lot of people just can't believe a stock will ever go to book value, then sentiment changes and some stocks plunge. For instance I was looking at a few stocks in the energy sector, all actually making money and many trading with P/Es in the single digits and still have decent long term growth. I personally like value plays instead of companies where analysts are suggested 50x predicted earnings 3-5 years down the road.

If I can, I may buy into the EBay IPO (then sell after 30 days). It will probably be successful if the market ever settles down.
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