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Technology Stocks : Egghead Computer (EGGS)

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To: TokyoMex who wrote (1393)7/15/1998 1:06:00 AM
From: Don Roberts  Read Replies (1) of 8307
 
Tokyo,

Well, we shorts did win for now ... I sold my EGGS yesterday for a nice profit, and went short today at 26 ... covered 22 5/8, then reshorted at 24 3/4 ...

I think you still could be right ... next week. I think EGGS will play out like this: continue to fall for the rest of the week, then begin to base some ... then next Monday, buyers will come in for earnings on 7/28, and shorts will cover. This will possibly propel EGGS over 30 ...

Regards,
Shortie
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