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Technology Stocks : OnSale Inc.

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To: Sabrejet who wrote (2254)	12/3/1998 4:54:00 PM
From: PAL	Read Replies (1) of 4903

Among the reasons why internet stocks do not experience stock squeeze: From briefing.com How quickly they fall: e-commerce stocks falling almost as rapidly as they ran-up. Books-A-Million (BAMM 12 15/16 -3 1/16) now trading 72% below 52-week high reached Monday, DIDAX Inc (AMEN 8 9/16 -2 316) has tumbled 79% since Monday and ONSALE (ONSL 45 15/16 -5 9/16) has shed 57% in three days. Rapid retreat in these stocks normally would have profited short-sellers. Only problem is that some online brokers playing the role of Big Brother by not allowing their clients to borrow shares of volatile Internet stocks. They're rationale: Better to have an angry client, than one who gets stung by a margin call or share call-back and possibly becomes litigious. It should be noted that the lack of share availability has resulted in fewer short-squeezes, which has accelerated the declines experienced by these stocks. How many times people keep telling themselves than greed is dangerous, and yet do have it all the time. This time is no exception. Just wonder where those internet stocks will be tomorrow.

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