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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (768)	2/13/1998 5:24:00 PM
From: tony pan	Read Replies (1) \| Respond to of 4903

I shorted ONSL yesterday. If you work at Silicon Valley like I do. You know we will all try to sell our option the first chance we can. If the stock stays up, we stay with the company for a while. Otherwise, we move onto another Pre-IPO company. I intend to hold my share until next Friday. We can easily see $22-23 if Market goes down. The comparision between Yahoo is not rational. Yahoo sells a brand name. They do not need to keep inventory. They have very high margins. We should compare ONSL to retailer. Then we will understand how overpriced the stock is. Before you are mad at me, I did buy ONSL when it first came IPO. I sold them at about $17.