Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FUZFO who wrote (2359)	12/6/1998 6:49:00 PM
From: Charger	Read Replies (3) \| Respond to of 4903

Two of you mentioned 30 as a place where shorts would start covering ONSL. Looking back at the chart and tracking exactly what happened when, I see that ONSL was steady around $25 and then dropped along with the whole market scenario during Aug-Oct, and then it started to rise on its own merit but never got above around $21. Then Ebay came on the scene and did its ferocious move. When that happened investors/speculators turned to ONSL as the next Ebay which moved the stock up from 18 to 107 in a very few days. So I am not so sure that the low 30's is a true next bottom. I would tend to think you are right except for the fact that AMZN and EBAY pulled back so strongly and did not recover on Friday, a strong market day. I am betting that the 18-22 range might be a more secure bottom (and I am not short). Thoughts?