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Technology Stocks : Egghead Computer (EGGS)
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To: Philipp who wrote (2257)7/31/1998 5:21:00 AM
From: Philipp  Read Replies (1) of 8307
 
I just finished reading all the comments on EGGS earnings.
They confirm my first impression that the earnings were
neither particularly good nor particularly bad.

If I were not long already, I would not buy EGGS now, but
on the other hand I don't see any reason to sell either.
Since the internets are rebounding at the moment, EGGS
should be up for a few days. As Kip has pointed out, EGGS has
followed every turn and trend of AMZN for the last 9 trading
days (albeit with larger amplitudes). So it could easily go
up to the mid-20s and then stabilize at that level. Of course,
a few upgrades could also help, but they don't seem to be
forthcoming.

Cheers,

Phil
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