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


To: chirodoc who wrote (2027)11/30/1998 12:12:00 PM
From: Brian H.  Respond to of 4903
 
Dalin,

I trade with Ameritrade, and was on hold for almost 25 minutes in which time ONSL went from 96 - 48. When I finally got a person, I asked for a quote and we were back at 55. God, talk about being sick, so I said what the hell and bought more Dec 55 Calls. Things haven't changed since Friday and E-bay is still up near $200.

These internet stocks are not for the weak at heart! Lets hang in there. Heck, E-bay flew in a short period and pulled back and then took off again. We were bound to take a breather! I am looking for more strength. I hope it is there. I don't think we have played out this sector by any means (JMHO).

Brian H.



To: chirodoc who wrote (2027)11/30/1998 12:12:00 PM
From: robbie  Read Replies (3) | Respond to of 4903
 
Internet Pundit Doubts eBay Is Worth Its Hefty Valuation (EBAY) - Rpt
Newstraders - November 30, 1998 10:51
(NewsTraders.com)-- Internet.com's senior investment analyst Steve Harmon doubts that online auctioneer eBay Inc. (EBAY) is worth anything near the $10-plus billion value it has on a fully diluted basis, according to the "Morning Report."

Harmon said that Excite (XCIT) trades at one-third eBay's market capitalization and he believes the company has a much better overall leverage-ability than eBay. To Harmon, Excite is a "full-service Internet-media commerce powerhouse" as compared with eBay's "beanie-baby antique parade."

Excite's user base alone holds "tremendous potential," according to the analyst.

Harmon says that Onsale (ONSL) had room to run in the recent rally seen virtually Internet-wide, but eBay had already sprinted to new highs before the widespread industry ascent.

Of note, Onsale shares were trading significantly lower in early-morning trading Monday.

Copyright 1998 NewsTraders Inc. All Rights Reserved Monday, November 30, 1998