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

To: Charger who wrote (2366)	12/6/1998 7:46:00 PM
From: Bharat Bhatia	Read Replies (1) \| Respond to of 4903

Onsale Industrial site at onsale

To: Charger who wrote (2366)	12/6/1998 7:47:00 PM
From: sam	Respond to of 4903

EBAY didn't recover? Although it didn't end up for the day, it sure came back mighty strongly from 160. FWIW, I have a very small position in ONSL which I will gladly add to if we see 18. Or 25. Or 30, for that matter. Hope you're right. But, in my opinion, to use TA alone when determining the movement of stocks like ONSL is not in one's best interests. BTW I'm still waiting for EBAY to get back to 30 so I can load up again. ;)

To: Charger who wrote (2366)	12/7/1998 12:33:00 AM
From: J. Stone	Respond to of 4903

>>I am betting that the 18-22 range might be a more secure bottom<< One thing you need to think about is this: Before ONSL really ran up, it was trading in the low to mid $20's (let's say, $24). Once ONSL started moving, people began taking their profit; as a result, the bottom support level rose as the stock did. (No one, I assume, was brave enough to hold ONSL from $24 all the way up to selling it in the $100's; greed, or common sense, took over and they were out long before this. As a result, few are able to take a profit at ONSL's current price...) So assuming few people who own ONSL now bought it in the $20's and $30's, they are not threatened with losing money now; hence, they have no need to sell at this level. (Also, those who bought at much higher levels - and you know who you are - 1) Don't want to take a big loser, so they probably won't sell [although some most likely will], and 2) Will be thinking about averaging down, which if happens will also help to support ONSL's price.) regards, JS Caveat: If the big boys start tanking, and AMZN, YHOO, EBAY lose $50 points in a day or two, resulting in panic selling hitting the Internet sector overall, ONSL may very well see $18-22...