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


To: HECTOR RUBERT who wrote (2168)12/2/1998 9:40:00 AM
From: Jim Duffett  Read Replies (1) | Respond to of 4903
 
B2B Announcement

I have been long on Onsale for almost a year and am still as bullish as ever, however I just can not go along with the belief that the B2B
announcement is the cure all end all here.

This has to be the worst kept secret on Earth, so where is the value?
The old buy on the rumor, sell on the news probably applies in spades
here.

Yahoo/Onsale Auctions however is growing by leaps and bounds and may pass the 100,000 milestone as soon as today. Maybe a nice little press
release to that effect.

JMHO, but I think Onsale will be better for day trading short term before it runs again. I think that what happened Monday frightened a lot of people who would jump on profits a lot quicker this time around.

Regards,
Duff