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

To: JUDE GUZMAN who wrote (3593)	1/25/1999 12:49:00 AM
From: Gil Gilbertson	Read Replies (2) \| Respond to of 4903

If I were a stockholder of ONSL or any internet stock, then, I would be running scared. So many young and inexperienced players in this game are now going to just be canon fodder for the pros. There is nothing new in this game, these are called story stocks, they come along every couple of years. After they have run their course, they descend until all unwilling sellers are liquidated by margin calls, fright, change in rules etc. Meanwhile, the novice thinking he owns a future gold mine hangs in until his last dollar. Then when the cycle completes the pros pick up the shares for nothing and the cycle goes up again. In a nutshell, the novice trades his money for stock at the top. and the pro trades his money for the stock at the bottom. Fair? I dont know but thats the way it is.... This market is ripe and with Hong Kong down 400+ tonite, it could be quite a show tomorrow, especially if Clinton fortunes turn for the worst....this is a good time for casharoo..... Gil