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Technology Stocks : OnSale Inc.

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To: Moose who wrote (1980)	11/29/1998 12:34:00 PM
From: Eric J. Beyer	Read Replies (2) of 4903

Before the price/volume action last week I would have thought $200+ anytime soon would be an outlandish prediction. Here is why I believe it could actually happen: 1. The expectation/rumor that ONSL is "The Next EBAY" seems to be firmly entrenched. Most people that invest and trade stocks had never even heard of ONSL until last week. 2. The 200+ target has shown to be obtainable by EBAY and other Net Stocks. The 200+ target is in many ways expected by people that follow ONSL. Expectation causes Effect. 3. The float of EBAY has increased sharply recently, while the float of ONSL has dried up. Demand-supply imbalance will drive ONSL up like rocket fuel. 4. ONSL is now a darling of momentum traders and we all know how that can snowball. 5. There is practically no overhead supply of ONSL stock available. 6. I hear there are lots of at-market buy orders already in for Monday morning. There is an order imbalance. Shortage of available stock. 7. More short panic covering. 8. Panic buying. This is a real phenomenon People don't want to miss the boat. 9. E-Commerce is the current hottest market sector, and that's an understatement. 10. My wife is a psychic, and she says it will end week at $263.

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