OnSale Inc. Message Board

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Technology Stocks : OnSale Inc.

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To: saber hormi who wrote (2931)	12/30/1998 12:11:00 AM
From: Colin Cody	Read Replies (1) of 4903

I wish ONSL goes back to 30 again. We shouldn't really want to get this wish anytime soon. Today the stock closed below the Bollinger Bands mid point. The Stochastics are getting weaker and the MACD line is barely positive (it went positive around 12/16/98) - I'd expect to see a drop of 4 points to bring that into negative. The Expotential Average has slowly risen to about $39. We have been consistently above this running Average since early November. A close below $39 at this point would be disaster. A disaster meaning no price support to stop it at $30 (your wish). Quickly comparing EBAY UBID COOL and EGGS these are not in the same immediate danger of breaking their running Expotential Average price. ONSL is making me nervous here. $39 should be a FLOOR. I hope it is. Colin

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