Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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. -- Ignore unavailable to you. Want to Upgrade?

To: Gary West who wrote (850)	3/2/1998 2:46:00 PM
From: Bob Kimball	Read Replies (1) \| Respond to of 4903

Yup. Secondary rallies are GREAT short opportunities! The downside target on ONSL was not achieved on the first decline. Still looking for < $10.

To: Gary West who wrote (850)	3/8/1998 9:55:00 PM
From: Tom Hua	Read Replies (2) \| Respond to of 4903

Gary, ONSL failed to reach 30. Next week could be a down week with CPQ's warnings and negative comments about the market in Barrons. I also like SPLN as a short. Stock ran up almost 200% this year, about 75% in 2 weeks. The company has a PS of 40, had $10.3 M in revenues last year but lost $26.5 M. Analysts projected SPLN to lose $2/share this year, or about $27 M. At that rate, the company will run out of cash in Feb of 99. Given its current high price, I expect to see a secondary offering from SPLN very soon. Insiders will also use that opportunity to sell as the normal 180-lockup won't expire until May. Regards, Tom