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

To: HECTOR RUBERT who wrote (2259)	12/3/1998 6:08:00 PM
From: PAL	Respond to of 4903

By Dow Jones Industrial measure, the market is down only 2%. But just figure how much of a haircut individual investors are suffering this week. Logic tells us that e-commerce is the wave of the future. Even Clinton/Gore promoted last Monday. WallMart, Kmart and Sears will be facing competition from e-commerce because people don't have to fight parking in malls. If you check and asked if brokers have Onsale to short, their answer is no. They are the "good guys" not wanting to have the investors "get burned" from the volatility of internet stocks. I would not be surprised if the reason there no stocks to short is that they are reserving those stocks for themselves. Afterall, aren't they MM in the internet stock. My broker noted in the confirmation: We acted as principal in this transaction. With all the stocks on margin, they shorted big time. Could you account for the drop from 103 to 50 in just minutes last Monday? The question is : have they shorted all of that is available, or the process is compounding? Individual buys Onsale on margin account (even if he/she does not need to borrow money, but still in margin account), there you are, more shares to short by MM. Then there is individual buyer again, and more short etc etc. Will be interesting if that process contnues for the fifth straight day tomorrow.