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


To: PJD who wrote (2690)12/22/1998 1:40:00 PM
From: D.J.Smyth  Read Replies (3) | Respond to of 4903
 
Did we read this right?:

<<Monday, online auctioneer Onsale (ONSL) screamed up 56 percent on an e-commerce deal with Yahoo (YHOO). Shares of competitors eBay (EBAY) and UBid (UBID) rose nearly as quickly as their smaller competitor.>>

Which is implying that ONSL is smaller than EBAY and UBID? ONSL's revenue for trailing twelve months was significantly more than EBAY's and obviously more than UBIDs. What is smaller?

cbs.marketwatch.com

someone must believe there's an announcement in the wings for UBID. Possibly an EBAY/UBID combo? Wonder how this would affect ONSL since ONSL's business in primarily b to b while UBID and EBAY are commerical.



To: PJD who wrote (2690)12/22/1998 1:55:00 PM
From: Sabrejet  Respond to of 4903
 
I hold a short AND a long position and trade the long portion! If you understand the sector, you can make a good buck! I don't fight the trend though! Shorting at say 43 would be the kiss of death! Shorting at say 70 after the run is a money making opportunity.

I hope for all the longs, it goes to 200!! I hope I ride it up as well!!

sz