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Technology Stocks : Egghead Computer (EGGS)

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To: purecntry5 who wrote (336)3/11/1998 1:59:00 AM
From: taxikid  Read Replies (1) of 8307
 
you ran for the exit @ 7 3/4.. lest we not forget.
but hey what can i say. the market is about overvalued stocks and when the next earnings come out, they will be negative and btw
if they do $2million a week in sales, what is their product and promotion costs?
and what is their margin, legal expense and debt service.. this may be trivial here.. as the sector is going wild.
check with your ta boys. they call stuff like this a blowoff top..
i will of course hit the exit if i see that there is no recourse, and i am thankful that i did post my trades in RT.. and of course had the foresight to not stay short with that big block. the small block losses have eaten away at the profits.. actually eaten away all of the eggs profit to date.
glad you are happy.. hope you make a killing, but remember that this company is extremely risky..
and the brand name just ain't all that..
it has room to move both ways..
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