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Technology Stocks : OnSale Inc.

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To: Oliver & Co who wrote (4094)4/15/1999 10:55:00 PM
From: Gary Wisdom  Read Replies (3) of 4903
 
Just remember everyone. They love to play games with this stock as they know they can scare out a lot of shares. Personally, if it sells off right off the bat, I'm turning the computer off and going swimming for a few hours. I don't believe this report justifies it, but they may do it anyway. If it can hold above the 200 dma, I think we'll be fine. But you just never know. I checked the trading after the last two earnings reports and it was down for a few days afterwards. It wouldn't surprise me if they tried that again. The good news is that they've already sold this thing hard. It's hardly representative of any other internet stocks I know. Hopefully, the downside is small, and with time (and large short interest), the upside is much, much bigger.

Good luck to you all tomorrow. In this market, we all need some.

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