Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: BC who wrote (1430)	7/15/1998 11:02:00 AM
From: BILL L	Read Replies (2) of 8307

BC, be careful with moveup at this point. unless you are daytrader. MMs will not kill EGGS right away. moving up is to suck your money in..and down again. too many shares in their hand. most people do not buy the stock unless they are moving up. so, that is what they are doing. momentum for eggs is dead from yesterday,,downward will continue at least for a few days..whre it stops..my hunch will be around 15 or so. till the earning is close..attract some people to buy. but certainly eggs will not get to 30 range any time soon. without big hourses..eggs will remain 20 range at most for many months to come at best. so, be careful with your money now..if u like..can wait for a few days,to get in at cheap...float is 10 M. to move it up one more time take much more money than ktel and others..just a little analysis for you. in fact, it is still good time to short eggs if it moves up to 21-22 range... regards

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