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

To: chirodoc who wrote (2677)	12/22/1998 10:41:00 AM
From: Mr. Miller	Respond to of 4903

AOL and YHOO have plenty of competition. They are just the leaders. ONSL is the leader in online auction sales. Branching out to other countries and having an exclusive deal with YHOO will do wonders for the future of ONSL. We now need to get our market cap to $10 or $11 billion. It deserves to be there if EBAY does. I do not see the logic in saying that this company's price should go down while Ebay's should continue to rocket. All stocks are different and just because one idiot says the stock should go down, it does not mean it will or should. Likewise for going up. There were two analysts on CNBC the other day. One said AMZN was worth $400 and the other said $50. So, what we learn is that there are always bulls and bears. We have also learned that someone has to be wrong. Both can't be right. Is Ebay worth $12 billion? Is ONSL worth $1.5 billion? Who knows, but there should not be that big of a difference in market cap. Regardless of why, it is there. I agree that either EBAY needs to come back or ONSL should catch up. In fact, they should be leading EBAY, not the other way around. What I know is that for the past 1.5 years, almost every analyst has been saying that the internet sector is destine for a correction. Meanwhile YHOO went from $3 or $4 billion to $25 billion, AOL has gone up over 500%, MSPG, ELNK, SEEK, XCIT, LCOS, need more???, okay, AMZN, EBAY, ONSL, and many more continue to rise. I am glad I never sold my EBAY at $72 until it hit $163. I have missed the additional run, but I was not about to be a pig and get slaughtered. I am happy with my gain. The point here is that noone knows where the market will run the internets, but I sure as all hell am not going to listen to a bunch of quack analysts who keep telling me not to buy these internets while they continue to climb in price! The internet is here to stay!! And if you believe in this company, do not sweat the intraday minutia. We were up $5-$7, then down $5-$7, now we are break even. The long term is as solid as ever. Miller