Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: fiberman who wrote (2480)	8/7/1998 1:54:00 PM
From: Kip518	Read Replies (1) of 8307

fman, all the internuts are losing air. EGGS didn't have the horsepower to break through the minor resistance just below 15 and started pulling back. EGGS is clearly one of the weaker internuts (rises less vigorously & falls more easily). Given how early in the afternoon the pull back started, it is possible for another little charge in the next hour or so, but I really dont' expect much. I'd look for it to try to pierce 15 again next week. Of course, it is possible that today could turn really nasty before the close. There are some earmarks of a bull trap in yesterday & today's moves. If that happens bets are off. However, assuming that doesn't happen, I don't think there is a downside risk in EGGS below yesterday's lows at the moment. I bailed out of LCOS & NSCP longs during the noon hour but I intend to hold EGGS over the weekend. (Also added to short in SRCM.) Have a good weekend. Kip

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