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Technology Stocks : OnSale Inc.

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To: robbie who wrote (3332)1/10/1999 4:37:00 PM
From: Brian H.  Read Replies (1) of 4903
 
Robbie,

Be careful about your exhuberance regarding Yahoo's numbers. Just look at Microsoft, Intel and Dell over the past several years. They almost always run up to high levels prior to earnings, and regardless of the numbers, the stocks trade lower the day of earnings and usually for days and weeks after before they test those pre-earning numbers.

I am not saying the same will happen with Yahoo, but we do have internet stocks with extreme valuations, and a overall Stock market at all time highs that is in need of a breather (JMHO).

I am very long on ONSL, but I am also not treading with blinders where ONSL or any other internet stock is concerned. Just for further information, I do not short stocks. I did it one time a few years ago just to say that I did it and that I made money.

Brian H.
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