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

To: PJD who wrote (2696)	12/22/1998 2:15:00 PM
From: Rylan	Read Replies (2) \| Respond to of 4903

PJD, I watched the trades, on ONSL, for the first four hours today. From the market open I observed a 3600 block trade, at the ask, about every 15 - 30 seconds. Who ever this guy was, he was buying the stock very aggressively. Even with this intensive buying spree, the market maker did not move the price. He seemed to lower the price. I was surprised. Perhaps someone was covering a very large short position or wants a few shares to hold. FWIW. Rylan

To: PJD who wrote (2696)	12/22/1998 2:27:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 4903

I show the foll data on Yahoo ONSL : EBAY : UBID outstanding shares 19.2 : 40.3 : 8.9 float 6.3 : 3.5 : 1.5 latest price 68 : 300 : 84 (130 now) market cap 1.3B : 11.9B: 749M )higher at 130) sales 1.01 : 9.62 : 0 earnings -.70 :.04 : 0 looks like ONSL has higher sales than others but also has a 0.70 loss and a higher float which may be the problems preventing ONSL from gapping up to the lofty levels of EBAY and UBID. If ONSL could show a smaller loss in the Jan report and higher sales, that might be the impetus the market needs to push ONSL up.