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Technology Stocks : OnSale Inc.
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To: PAL who wrote (2928)12/29/1998 8:52:00 PM
From: Colin Cody  Read Replies (1) of 4903
 
ONSL sold down today for technical reasons. You can look back to a couple of my posts in the past days for an explanation of this.

Management for US OWNERS/INVESTORS should seek to MAXIMIZE PROFITS. ONSL is not here to give the retail consumer a break. ONSL is here to maximize profits.

Of course to maximize profit they need to temper high margins with retail customer satisfaction/VOLUME. So far volume is expanding as fast as mgmt can handle it!!!! There is no need to cut our margins, and increase retail traffic even more. We are a young company. We need to make some MONEY/PROFITS. As long as the traffic continues to increase and as long as we are losing money, we should not make any gratuitous price reductions...IMO.

Colin
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