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

To: FUZFO who wrote (1289)	7/18/1998 1:31:00 PM
From: Irene Lynn	Read Replies (1) \| Respond to of 4903

Fuzfo..you are correct ..normally the day after an up rally..on options expiration..the following monday is down..and vice versa..not sure if this would apply to our onsl..cuz it sure is one hard stock to figure out <G>..normally i've been fortunate to call directions on most of these stocks..it's only lately that onsl is acting screwy...so i have no idea of direction for monday..just hope..<G>..but seeing earning are to be released july 28th..this gives onsl plenty of time still for a possible rally..strong resistance at 27 on the bid...in the meantime..once you can identify a pattern...you can make money while you wait...i always have a core position in a stock i like..and a trading position for the up and down cycles..this way..i hedge my long position...i sort of hope onsl doesn't rally before earnings..cuz i do feel earnings will be good..and i'd rather not have it already factored in...i think it was in june..or maybe may..that onsl surprised when they announced about softbank and the timeshares..that onsl actually lead for one day the internet stocks...this is what i'm thinking could happen when it comes time for earnings..everyone is speculating that with all this competition..it will hurt onsale...and this is the reason for it not getting the run...but it appears that onsale has a high percentage of return customers..and i've heard good things so far on their customer service...and competition is good..if your a leader..which i feel onsale is...the important thing here is that onsale was the first to get recognition and has been surprising every quarter with their revenues...i sort of get this feeling that onsale has something up its sleeve and we will soon find out what it is..online auctioning is getting popular ..but sooner or later there will only be the top 3 or 4 that will be in the limelight..just like the engines..i wouldn't be surprise if someone decides to merge or have some kind of partnership with onsale...if they are going to go with someone..why not onsale, who started it all and has been out performing every quarter...these are only thoughts..wishful thinking perhaps..but until i see something that changes my view of onsale..i will stay long and ride the wave...but will always take a profit if i feel the momentum slowing down...in august this should happen with internet stocks..they go dormant for about a month exceptions being surprised announcements..then one month before earnings..the engines rev up..and viola!.here we go again..the last qtr will be the best for internet...online shopping was increasing quite a bit last year according to aol...i'm sure onsale will have a good year end rally too irene