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Technology Stocks : Egghead Computer (EGGS)
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To: Darrin Vernier who wrote (2465)8/7/1998 9:39:00 AM
From: HairBall  Read Replies (1) of 8307
 
Darrin: Kip has been the man lately, calling EGGS. However, I did not see any TA reasons for EGGS to move up yesterday. In an earlier post to KIP I reviewed the only reason I could see for EGGS to move up and they were not TA.

1) Possible: EGGS moving with the indices on a rebound.
2) Possible: EGGS moving up on some good news. (IE: Guru hyping EGGS.)
3) Possible: MM manipulating EGGS up.
4) Most likely: All of the above.

However, after KIP's good call yesterday, I went back and did some more analysis and I did find one thing. However, Kip mentioned a gap to be closed. I did not go back and look at his post to see exactly what gap he was talking about. If memory serves me correctly he was speaking of gap to be filled on the down side. The one created when EGGS first took off. Gap up from high of 9.125 on 7/2 to low of 9.5 on 7/6. KIP CORRECT ME IF I GOT YOU WRONG.

However, I did spot a gap to the down side using the 30 min and 60 min tick charts. At the close on 7/30 from the low 17's to the open on 7/31 to the high 16's. It has not been filled. That's a maybe!

I will be in and out of the markets today. Other business!

Comments anyone...how bout you KIP! <g>

BWDIK
Regards,
LG

EDIT: Please note neither gap has been filled, yet!
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