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Technology Stocks : OnSale Inc.
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To: Jazz102 who wrote (2134)12/1/1998 4:18:00 PM
From: sam  Read Replies (1) of 4903
 
The second tier internet stocks will move after the first tier stocks make their move. The first tier (AMZN, YHOO, EBAY) made nice moves today. EGGS, ONSL and other 2nd tier stocks were down. Couple that with the downgrades (and the margin news) and you get the impetus for selling pressure. Though ONSL seems to have some support here in the mid 50s. When ONSL does move (and I believe it will) look for an upward move to the 70s. It'll be sharp and fast. And it could happen at any time. JMO
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