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

To: PJD who wrote (2538)	12/17/1998 2:34:00 PM
From: Miguel Octavio	Read Replies (1) \| Respond to of 4903

Ha anybody heard anything about Sotheby's launching an auction Web site? Would apprecaite any information on this. Miguel Octavio

To: PJD who wrote (2538)	12/17/1998 2:58:00 PM
From: Apache Indian	Read Replies (1) \| Respond to of 4903

I felt the same after yesterday too, Options expiration is a major deal for Onsale, the last time I looked, ONSL had more than 1000, Dec 100 Call contracts open. That tells you how much the MMs would love to hold this stock where it is right now and see those calls expire worthless. It was a meteoric rise from 20 to 108, and for a small float of only 6 mil, I'm sure the MMs got scared and pulled it back. I hope (more than I believe) that ONSL would break 40s after Monday. I would not sell Onsale at this price anyway, esp. not a day before Options expiration. Remember EBAY does not have options, its not even marginable at some brokerages, and rest of them do not allow you to short it at all, that leaves only way to play eBay, go long. As long as eBay remains +150, I'm holding.