Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: HairBall who wrote (2822)	10/12/1998 9:16:00 PM
From: Bo Didley	Read Replies (1) of 8307

How 'bout those EGGS !...............technicals Okay, I looked at the historical charts before buying at near $6. I was so happy when it reached my entry price. I was not even thinking of a stop out price because I was buying for the short term earnings play. Had I been daytrading the stock, I would have had a stop-out. Since I am familiar with EGGs, I was confortable averaging down. iqc.com The above chart is a very good sign! The 5 day exponential moving average has finally crossed the 20 day. Its been weeks since that has happened! Last time it crossed, EGGS ran up 2 1/2 points that week! iqc.com On the upside, the 100 day and 200 day moving averages are both at $10. That will be its first major resistance. In the 10 year history of this stock, you can catch it here near its lows and make a nice profit. Its one of those Wade Cook lessons. iqc.com bo

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