Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Kip518 who wrote (940)	7/12/1998 4:23:00 PM
From: Street Walker	Read Replies (3) of 8307

Why I bought EGGS I missed out on the AMZN movement. It was 35 and rose $6. I thought it rose too much. Then the next day it rose another $6+ dollars. Wow, this baby is going to come down! Nada. It kept going up! Hit $100, then $114 then it kept going up to $143! Its settled down since, but AMZN is way up there. I missed out because each day it kept going up, and I thought it was over valued. I was wrong. It may have been overvalued by conservative fundamentals, but I am learning that internet stocks are expected to behave this way. Its a mania and I decided to make money on it, regardless of conventional thinking like that of Steve Harmon. Now traders and investors like myself who either missed out on an AMZN or YHOO opportunity or had the joy of participating in it or the heartache of being short, are looking for a second tier internet play with a future of becoming the next AMZN. EGGS has stepped up to the plate. The nation is watching and waiting. I'm betting on a home run. Shorts will make money on intraday movement but holders of shorts will be the big losers and will be the impetus for a super stock rise, as in the case of AMZN. Street Walker

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