SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : OnSale Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: star56 who wrote (3351)1/16/1999 9:43:00 PM
From: Dudley  Read Replies (1) of 4903
 
Dear All:

For what it's worth, an mm friend of mine (on a non-internut stock) said the word on ONSL is that is was heavily shorted before Christmas by hedge funds who bought into the UBID run while simultaneously shorting ONSL to protect themselves from a "sector" crash.

In a relative sense the stock has been artificially depressed, and a VERY heavy short position still exists. As UBID market capital becomes diluted, and additional shorts cover their ONSL position, the convergence in UBID price & ONSL price will accelerate. Sentiment is very neutral based on lagging price performance. However, preliminary "following quarter" reports from other net-vendors and monitoring groups indicate volumes & revenues that have exceeded even the most ambitious expectations . A better than expected earnings report (unlike Yahoo!) will gap the price significantly.

Discounting any announcements of additional strategic alliances etc... ONSL IMHO is poised for a very strong upside move from here.

JMHO
Dudley
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News