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

To: chirodoc who wrote (2377)	12/7/1998 12:22:00 PM
From: D.J.Smyth	Respond to of 4903

there is discussion of conducting "4th market" stock transactions through a site like ONSL's, i.e., (1) mutuals conducting transactions with each other, (2) individuals conducting transactions with mutuals - you own 10,000 shares of an appreciated stock and need to exchange that appreciated stock for shares of the mutual fund in order to avoid taxation and decrease risk, and so on. ONSL would provide the software for the transactions. such transactions are not currently regulated by the NASD and are outside it's trading domain as they are deemed "person to person". I do not know how extensive ONSL has pursued this line, but others are pursing it and are considering ONSL as one of their potential sites. ONSL has established a presence and has a respectable name. in their case, being "first" means, at least, getting a shot at the big deals. the Nasdaq is a large stock "auction" house