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

To: Jim Duffett who wrote (2936)	12/30/1998 12:55:00 AM
From: PAL	Respond to of 4903

Jim, Very observant!! I have noticed that as well. Now they have 1,999 cordless phone with a minimum bid of $ 45. Some people are bidding for $ 50 already. This is on end of the spectrum. Then you have VCR with a brand I never heard of. No interest in there. The question is: Does ONSL actually buy those surplus merchandise and then sell it or are they doing a consignment. That auction can be dangerous with the minimum bid of $ 1. If they buy the goods, then you know why they are losing money. They buy surplus and refurbished merchandise and try to sell it using an auction method. Unless they get it for pennies to the dollar, there are instances where they get burned. If that happens too often, that explain why they are losing money. And that might even explain why they try to recoup by charging high shipping cost!! Now I have to rethink what to do with my ONSL shares.