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Technology Stocks : OnSale Inc.
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To: T.R. who wrote (1734)11/25/1998 12:54:00 PM
From: Oliver & Co  Read Replies (1) of 4903
 
Everybody, HOLD THE SHARES.
On 10/31/98 there were only 3.87 mill shares NOT OWNED by insiders or institutions.
Of 18.94 mill shares, 79.52% were owned by institutions and insiders (59%), that only leaves 3.9 mil available to float. (Unless someone starts dumping them) and I see no reason to do that.
Therefore, simple economics, with the high demand, the lower the supply of shares available to trade, the higher the price.
And we all know ONSL should be no less than EBAY.
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