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

To: Apache Indian who wrote (2905)	12/28/1998 8:03:00 PM
From: Brian H.	Respond to of 4903

I agree with you Apache on the outlook of Onsale for the rest of this week. I am also wary. One thing I have learned long ago (A few months back <Grin>) with regards to these internet plays is not to go against the momentum, regardless of the Fundamentals. But I like you also believe that sometime soon we will see some type of blood bath (JMHO). I do think that ONSL will not be hurt as much because it has in fact behaved more in line like a normal stock (If there is such a thing). Another thing, Cramer just doesn't give up on us!!!!! I am sure everyone read his article today, and he just had to mention Onsale again. Brian H.

To: Apache Indian who wrote (2905)	12/28/1998 9:05:00 PM
From: Avariceman	Read Replies (2) \| Respond to of 4903

I'm not sure I completely agree with your conclusion that we have till the end of the week to bail out of these stocks. As has been the case in the past there is a good chance these stocks will continue upward until the companies report their quarterly earnings. YHOO reports on 1/12, EGGS on 1/19, AOL on 1/27. I'm not sure of the others. Also, these numbers should be strong and will help carry the ONSL's of the world some what. Of course the reverse is also true if numbers don't meet expectations.

To: Apache Indian who wrote (2905)	12/28/1998 9:45:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 4903

The stock was down 4 points today on volume double that of the last day's trading (it was a half day on Thursday). The volume increased markedly at 2:15pm when the price dropped below $59... and went lower. The trend is now down. The Stochastic crossed down on Tuesday of last week and has gone lower each day since then. I suspect the MACD line will cross into negative tomorrow. This stock traded at $36 10 sessions ago. We are $20 higher today. We have a lot of room below just for profit taking, that will continue the current trend. Rather than bicker, S.I. readers should digest what is said and act accordingly. When/if the stock is under $40 again, we can all buy it and make a good lick on the next ride up. Colin

To: Apache Indian who wrote (2905)	12/28/1998 10:41:00 PM
From: LLCoolG	Read Replies (1) \| Respond to of 4903

Apache, They could sell tomorrow--the trade would not clear until 1999 (3 days), thus delaying the capital gains until next year. Also, if people have large gains from short-term (>12 months) trades, the profit will be considered income, and taxes will have to be paid that quarter to escape penalties. I am not sure if this applies to longer-term holding periods in which the capital gains laws change this requirement. Not trying to argue, but just things to consider. I, for one, am shocked at how it is trading, and feel fortunate that I only lost 1/8 of a point on my last attempt to trade this, around 67-68. Regards, G