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Technology Stocks : Multiple Zones (MZON) -- Ignore unavailable to you. Want to Upgrade?

To: Doug Fowler who wrote (195)	12/24/1998 3:48:00 AM
From: h.l. meeks	Read Replies (3) \| Respond to of 475

I agree completely, Doug. Another thing that bothers me about MZON is that their timing is pretty poor. They've got their site up a whole 2 days in front of XMAS? How many XMAS sales can you generate in 2 days?! EBAY, UBID, ONSL have all been selling like crazy throughout the quarter. Not true here. My experience is that the consumer buys nothing in January and February----they're just trying to pay off those credit card tabs from December. At any rate, I just don't think you can legitimately call MZON a peer to these companies. This was way overdone, even for a netstock. Shorts who positioned themselves at the old high of $30 earlier in the day, got blown out with about 45 minutes left in the trading session. Kernan helped this along quite a bit in his last segment. I fade Kernan all the time----with consistant success. With 23MM shares traded, who's left to buy? UBID hasn't traded that many shares all week, and the float is 1/3 of this stock. MZON's up 389% at the close. Who's dumb enough to buy a stock after a 4-fold increase in one day? Everybody who hyping this puppy keeps comparing to EBAY, AMZN, UBID, etc. When did any of these increase 400% in a single day? There's alot of profit pressure here. Everybody's going to be a seller in the morning. In order to be the family hero on XMAS morning, those profits have to be in the bag. I'm going to have fun watching them all try to get out at the same time. The news is out, and it's growing stale now. Glad I'm not long from $57. I have no position currently, but I'll be short sometime tomorrow.

To: Doug Fowler who wrote (195)	12/24/1998 1:54:00 PM
From: D.J.Smyth	Respond to of 475

Doug <<More than 90 percent of MZON's sales are from classic mail order (like PC Connection, MicroWarehouse, etc.) As such, their price to sales ratios have typically been far less than 1. (Example: PC Connection has had about $700M in last 12 months sales, but has a market cap of about $230M, or a price/sales ratio of about 0.33.)>> aye, but they are shifting sales from the mail order to the net which should decrease sg&A, thus increase earnings. net sales were up nearly 400% sequentially. they are also the ONLY auction company that has relationships with overseas countries to ship. no other net auction company will ship PCs outside the U.S. their iMac sales are significantly up this quarter as well. their strong relationship with educational institutions should work well in their favor. they sell mainly NEW merchandise, whereas most other auctions sell refurbished, discounted, discontinued merchandise. this company should be afforded the same market multiple as eggs. Dick Stein's comments are laughable. Kernan's comments on CNBC brought ONSL down from $108 to $50 in fifteen minutes. Kernan was primed again. i think the market is blind only when it serves their purpose. i hold a very small long position in the stock, and think the shorts had a nastily triumphant day today. lies and all. who is this Noble International Investments? Dick Stein. From their comments, it appears they are net short much.