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: Baghul who wrote (1230)	7/15/1998 4:11:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 4903

Longs will love this - price target of $82! 13:00 --14:00 ET (Updated throughout the hour)****** Onsale Inc. (ONSL) 24 3/8 +2 7/16: Needham & Co. initiates coverage of online retailer with "strong buy" and a six-12 month price target of $82 a share; expects retail electronic-commerce market to grow to $24.2 billion by 2002 from $2.6 bln in 1997; edit - Sorry, I see it was already posted.

To: Baghul who wrote (1230)	7/15/1998 5:41:00 PM
From: METMAN	Read Replies (1) \| Respond to of 4903

Baghul: Though I like OnSale for looking for computer parts and the like; as many others more than likely do, you have to believe that OnSale must expand it's selection of offerings to include more name-brand items and items that are more readily available today in stores/department stores near you if they are to become really "BIG". To compete with Circuit Cities and Best Buys, they'll have to basically become a full-fledged electronics store on-line. Perhaps it's do-able in 5 to 10 years. If so, shareholders today will be quite happy. If the wave of the future is bidding on items (cheaper than retail and less time consuming), then OnSale will be (as William Shatner says about PriceLine) "Big, Really Big." Having said this, the Internet Stock buying frenzy is more than likely good for at least +5 to +20 points <IMHO> upside on this stock. Coupled with increased traffic and sales to consumers like me, I might even buy some of this tomorrow.....that is, of course, if it's not up +10 at the open. Given the non-sense with Amazon, AOL, and not to mention Yahoo!, it is entirely probable that this could hit $82 a share in 6 months; but how this # was arrived at is beyond me (darts would be a good place to start). Shorts stuck with darts in bu**. In response to a post before yours: As far as what the analysts are smokin'......more than likely they'll be smokin' the finest seegars money can buy; especially if they bought lots of shares this past week. The one nice thing about OnSale is the format and the speed of notification...I've looked around at other similar auctions and they are not up to par. How high can it go? Don't have a clue, but it will be fun to watch. Best of luck and just one investor's left-field opinion, metman