Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Tim Luke who wrote (732)	7/7/1998 9:09:00 PM
From: TWICK	Read Replies (1) of 8307

Need confirmation. I use Internet Trader to monitor TRADES and SALES. I noticed a large block of 544,000 go through early in the morning. But even more importantly, I noticed that most trades during the afternoon hours were mostly 1,000 blocks and lower. Seems to back up the following article from CBS MarketWatch: Egghead.com was the most active stock on Wall Street, with more than 26 million shares changing hands. Trading in most Internet issues was extraordinarily heavy: Five of the top 10 most active stocks on the Nasdaq were Internet pure plays. Most of the trades in many of these stocks came in blocks of less than 10,000 shares, which usually come from individual investors as opposed to institutions. Fund managers and other institutions usually buy huge blocks of shares. Yahoo, for instance, had less than a half dozen trades of more than 10,000 shares by 11 a.m. ET. The fact that individual investors appeared to be writing the script of Internet stocks didn't come as a surprise to Jacob. "Wall Street's been late to the game with a lot of these stocks. Individuals were the only ones buying them early and they're buying them now," he said. Any opinions on tomorrow's action ?? TWICK.

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