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


To: Apache Indian who wrote (3534)1/20/1999 5:11:00 PM
From: Beth Conant  Respond to of 4903
 
I am a frequent lurker on this list and a 'longterm' owner of Onsale stock...bought in somewhere around $6.50. Have been following the news about Onsale and was frightened recently by the downgrades and news that supplies of refurbished machines to sell were less than robust. Had read predictions that this was going to happen a month or so ago. I sold my shares today at $50.75 and am very satisfied with my profits. As an early owner of eBay stock too which I sold somewhere around $175.00, I'm hoping that I haven't bailed out too early on Onsale too. Oh well, I guess I can't complain too much!

Good luck to those of you with the guts to stay in!



To: Apache Indian who wrote (3534)1/20/1999 6:01:00 PM
From: Doug Fowler  Read Replies (2) | Respond to of 4903
 
I don't see how they can possibly make money off the AtCost model.

I thought they were going to try to be more like BUY.COM.

BUY.COM claims they have their items drop shipped by the distributor, which means they don't touch the merchandise.