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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (11551)	3/26/1999 8:20:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

EBAY going to buy UBID? They are going to be buying a lot of regionals. Looks like consolidation's coming. Who's Looking at Onsale? Shares of Onsale (Nasdaq: ONSL), an Internet retailer that sells some items at cost and also runs an auction house, soared more than 48 percent on Monday, closing up 15-3/8 to 47-1/4. What's interesting about this is that there was no real news to prompt the climb. Sure, Onsale announced that its auction site had received its 10-millionth bid on Sunday, but that hardly justifies that kind of climb. It appears some financial journalists were completely flummoxed by Onsale's rise, and linked the "what-the-hell" climb to the minor announcement. It's hard to tell what's really going on, but when a stock moves like that, there's usually a major deal brewing. This is fast becoming the era of consolidation, and it looks like Onsale could be on somebody's wish list.