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Technology Stocks : Egghead Computer (EGGS)

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To: Urlman who wrote (920)7/11/1998 10:03:00 PM
From: CharlieC  Read Replies (1) of 8307
 
The following may explain the 300k block: "Level 3 Nasdaq indicates that Smith Barney is buying a whackload up to 800,000 shares. Short covering or genuine buying? We think the former." This was put out by the newsletter "Nasdaq BB Alert" around noon on Friday. I have level 2 but not level 3 so I can't confirm if what they say is true, but it sounds plausible. I posted on the Gap Up board that this is a good candidate for a positive gap on Monday, and everything I've been reading & hearing over the weekend confirms that.
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