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Technology Stocks : OnSale Inc.

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To: robbie who wrote (3064)	1/1/1999 7:44:00 PM
From: Colin Cody	Read Replies (3) of 4903

69? dollars? Nah, the trend is down. We've had a string of down days (falling from $72 to $40) and yesterday's drop was on volume a bit higher than it might have been, AND we closed at the day's lows, RIGHT ON the rolling average support level. This support level held well on Thursday (the stock bounced off of it several time during the day), but it IMO wont hold Monday, UNLESS there is something that breaks over the weekend that causes a sharp GAP UP opening in ONSL and/or the other similar stocks: EBAY UBID etc. Personally I "see" all the auctions stocks above and EGGS and maybe even COOL looking weak next week. COOL seems to have the most "strength" of all of them presently. I haven't really studied them all too closely though. ONSL is "my baby." To a lesser extent I follow EGGS and COOL. Colin

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