INTERNET STOCKS are known for their volatility however, they're also known for their explosive growth of revenues. The net industry will grow at multiples never seen by current analysts and so called experts. The net community doubles every 6 months and it's not slowing down. Less than 18% of all Europe are online. This industry is just taking shape however, first mover corporations will have the advantage in the long run. E-Commerce will spread beyond domestic borders and into international fronts. ONSALE already has in the works ONSALE JAPAN in collaboration with SOFTBANK. E-COMMERCE will be larger than CNBC experts predict. When computers where first introduced to the markets they were merely fancy word processors. Yet, in less than 10 years they have changed they way we govern, do business, educated, shop, and communicate.
Don't think about what ONSL will do tomorrow or next week. Think about the potential it holds 1, 2, 5, and even 10 years from now. AOL, MSFT, INTC, CSCO all began as pioneers in their industry not knowing exactly the full potential of their business models. Now, just 10 years later look at them now. ONSL has been around longer than EBAY, it dwarfs EBAY's revenues, and it's already positioned to be the LEADER IN BUSINESS TO BUSINESS E-COMMERCE. With the rapid growth of the net, their revenue growth, and e-business executions; PROFITS will be achieved a lot sooner than you think.
This is a growing industry and ONSALE will grow with the industry. <IT IS REALLY THAT SIMPLE>
To discount this company's future potential by MM price manipulation is the same as discounting the growth of E-COMMERCE.
I for one will not sell my ONSL shares at these flea market prices. After the third split and $100/shr in 2 years, I may consider selling some shares to even my portfolio. Remember the curve is always UP!!!!
RULE #1 "DON'T GET EMOTIONAL ABOUT STOCKS"
IMHO: ONSALE will declare a STOCK SPLIT by MARCH '99 of 2 for 1 after trading in the $180 - $210 mark. This will be the first of 3 splits to be recorded in the next 2 years. Increase in bandwith will speed the net growth even faster leading to more users and shoppers online. The growth continues to speed up and ONSALE is well positioned to profit from it.
$61.50? Sure! After 3 splits but not before then!!!!!
Hector |
