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

To: jhg_in_kc who wrote (1878)	11/27/1998 11:53:00 AM
From: PAL	Respond to of 4903

Hi JHG: Sorry, I was just saying good bye to my wife (poor her, she has to work) and asked her if she wants a new Rolex to replace her old one. To answer your question about MALL (in a nutshell): a) MALL owns 72% of UBID. Merrill Lynch will IPO UBID next week. The price has been raised about $ 2/share (I believe now around $ 14 - $ 16). We cannot get a piece of the IPO, but we can through a surrogate, i.e. MALL. I told Tim that it seems still OK to buy MALL up to 57 about an hour ago. I am not adding to my holding of MALL since I have a lot already. If you want to get in, do it today up to 61. Don't use lunch money, and might enjoy it next week. And put a sell stop in your mind (but don't tell your broker to place it) b) ONSL: I would double the position, but no more. At least you already enjoy the appreciation from what you own. Do it today if you must. Disclosure: I own both ONSL and MALL. Not intended as an investment advice, just an opinion. Good Luck JHG Paul