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

To: Don Wellington Jr. who wrote (3555)	1/21/1999 5:44:00 PM
From: Brian H.	Read Replies (1) \| Respond to of 4903

Don, I suggest you do start reading all the information out there first before formulating opinions. I do not hype, and I do not post misleading or unsupported information. If I do post something that is my opinion, I so state that. Here it is post #3482 that was posted on this thread on Tuesday: ONSALE Inc. (ONSL) 50 15/16 -7 3/4: Adams Harkness maintains "market perform" but lowers estimate on online retailer as company has been unable to procure sufficient quantities of computers; company reported Q4 revenues of $59 mln, below estimate of $66 mln; company embarking on a new business model, in which consumers can purchase new computers and accessories at wholesale prices; expects gross margins to drop to 7.5% and losses are expected to continue through the first half of next year; lowers FY99 EPS from net of $0.03 on revenues of $333 mln to loss of $0.90 a share on revenues of $411 mln.... Per Briefing.com I apologize. I stated a loss of $.97, that was my error. I do believe the analyst have much more information on ONSL than the total combined on this board. They in fact are releasing information per direction from the company. I do question an analyst that downgrades, while others are upgrading or vice versa, but we have seen a slew of downgrades the past week. I do not think all the analysts are misinterpreting what the company is saying to them. Everyone is in a HOLD on this company, and that is probably where investors should be (JMHO). We will know in two months, according to Kaplan. If it is not successful, then we are certainly in trouble. That is why I believe ONSL is a Hold and will continue to be a Hold. We need more direction from the company, and this week the information coming from the company is not favorable. Time will tell. Brian H.