"the market may be adversely affected by the impeachment vote next Thursday."
Do you think Clinton is really going to be impeached? If he is, you're absolutely correct -- market will suffer short term.
"As far as ONSL sales, my guess is ONSL will come in with disappointing numbers when measured against the high expectations for a very robust online shopping Xmas season."
I'm not so sure about this. Anecdotal evidence clearly suggests otherwise (specifically with regard to ONSL) as opposed to some of the other online auctioneers like UBID -- which I may short if I believe you are right and we are heading for impeachment). But I understand you're trepidation as far as e commerce goes. Expectations for e-tailing seem out of whack. Yet, as far as the online auctioneers go, ONSL seems to have the highest upside -- not only in terms of its offerings, its breadth of service, its contracts with venders, and its as well as its relationship with YHOO, but also in terms of its current valuation, its price to sales, and the fact that the street expects it to be profitable as soon as next year. Short term -- you may be right -- and ONSL may move down (you could be very wrong too), but long term I think we will see some serious buying (at the most unsuspecting of moments). Now, of course, all this could change if it appears that the FED really IS going to raise interest rates again in March. |
