Yep, Sz, but the simple fact is that ONSL is undervalued RELATIVE to eBay and the others. I too fought the il-logicalness of these I-net valuations as well, and was tempted to short them, but then I decided to join, not fight, the momentum. The trend is your friend.
You can make a pretty good case in a logical market for the I-nets going down, but this is not a logical market and the fact remains that Money Managers ARE looking for quality stocks in this area. I just wouldn't short here, at least for long.
Plus some of the steam came out of the I-net stocks at the very end of the day Friday. They may just keep going up this week. And I'd be careful with ONSL...if a short squeeze occurs, you are looking at 85 -115 bucks by Wednesday, particularly if Yahoo earnings beat the whisper number. |
