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

To: D.J.Smyth who wrote (3957)	4/1/1999 8:03:00 PM
From: GraceZ	Read Replies (2) \| Respond to of 4903

>>Why the market makers don't give this issue long term support is curious (relative to other nets) and should be looked at. << The MMs got seriously screwed on the post Thanksgiving run up and Dec 1st meltdown last year. You might recall, right after, NASDAQ put limits on borrowing this issue along with a bunch of the others. The MMs frequently have to borrow shares to create a market. Once burned, twice shy.

To: D.J.Smyth who wrote (3957)	4/2/1999 2:00:00 AM
From: SkyDart	Read Replies (1) \| Respond to of 4903

<I have an overall profit< Me too; bought 3000 shares at 33 and sold 1/2 at 47 and the other half at 43. Thats 36% in less than a week. Just bot again. Watch it jump...This is fun. But it wouldn't be possible if it wasn't for those bears...if you catch my drift. Dart

To: D.J.Smyth who wrote (3957)	4/2/1999 11:32:00 AM
From: Gary Wisdom	Respond to of 4903

Darrell. re: having profit. Of course, those trading it have made profits if they picked their points carefully. I should have been more explicit. I meant no one that bought the stock and held it is up. Less than 2 years ago, the secondary offering was at $28. That's a terrible rate of return for a stock, even worse for an internet stock. I too sold at $47 on that big runup day but stupidly bought back at $40 and down. didn't do enough homework to see that onsl likes to flirt with the 200 dma so often. The chart is awful but could be basing as you suggested. I just don't understand how anyone buys this stock on run-ups and holds it. It ALWAYS comes right back down. Lower highs on each of these runs, but seems to hold @ $31. Of course, that can change very easily. What really bothers me about the stock is the lack of institutional support for the stock. You can see MASH chase this sucker down as Inca spooks everyone by putting ceilings on the stock each day. Until someone with more money than Joe Retail becomes interested in this stock, this is going to happen every single time. You're right though. We need a Mary Meeker to help things. I studied the 10K yesterday. It's true that they have great sales per employee. I'm a little bothered that they can't negotiate better terms with the credit card companies though. 2.5% of sales seems awfully high to me, don't you think? The positive thing I saw was that 4th quarter auction sales were down because it's peak computing season and onsale can't get too much stuff to sell, but naturally 1st quarter would be higher (hopefully much) as vendors look to offload any excess inventory they had due to overzealous Christmas sales forecasts. Anyway, rambling on. Just my 2 cents worth.