OnSale Inc. Message Board

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Technology Stocks : OnSale Inc.

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To: Mohan Marette who wrote (1779)	11/25/1998 6:00:00 PM
From: PAL	Read Replies (1) of 4903

Hi Mohan: did you get MALL today? I had to go after I posted to you. Then the stock took off. Just raised some cash by selling DEC40 puts on ONSALE. three and a half more weeks and the premium collected will just be profit. One interesting thing about ONSALE: there is no stock to short. The float is very thin. There are two theories about this phenomenon: a) If there is no stock to short, it means that the smart money has borrowed all the available stock and sell short. The tendency is the stock will come down because the smart money is smarter than the average investor. b) Short squeeze will propel the stock further. Based on the close at the high (you can only short on a down tick), I think case b) will happen: squeeze baby squeeze. Happy Thanksgiving to every one. May the Good Lord continue to provide each of us with bountiful blessings. Paul

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