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Technology Stocks : OnSale Inc.

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To: Colin Cody who wrote (3206)1/6/1999 1:16:00 PM
From: Colin Cody  Read Replies (2) of 4903
 
In the past hour the stock dropped again below $44. This time falling even more than a mere 1/4 point. I saw it down 1/2 point, it may have gone further.

But it has AGAIN snapped right back, bidding $44.12 right now.

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Looking at my EBAY/ONSL ratio of 4.5 we are far under-valued. EBAY has just moved up 9 points in the past hour. ONSL needed to move 12 points higher just to get to the "right" EBAY ratio before, but now we need another 2 points (9 / 4.5 = 2). EBAY/4.5= $58 for ONSL.

I think ONSL will see $48+ today or tomorrow morning.

Colin
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