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

To: saber hormi who wrote (2773)	12/23/1998 5:29:00 PM
From: sam	Respond to of 4903

We could see some air come out of some of the net stocks, but I'm not so sure ONSL will get "beat" as much as others. In my opinion, its being held back by the frightened sales of the many 'weak handed' "investors" who are afraid it will fall down (as it did after its last runnup). In effect, though, they may be saving ONSL from really getting spanked on any real net selloff. Interestingly, however, someone is doing a lot of buying of the Jan. 120 call options. Couple weeks ago, people were buying lots of the 65s. And, during the last week, the stock mysteriously rose to about that level. Don't be surprised to see a news release in early January that pushes ONSL past its previous highs. That said, I don't own very much of this stock at the moment. Just enough to weather a bad crash or to feel as if I'm not missing out if we wake up and its up 20 points. But rest assured, I will be buying a lot of shares (and buying for many friends who -- believe it or not -- are angry that I kept ONSL a secret from them for so long). JMO