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Technology Stocks : Egghead Computer (EGGS)
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To: VBroady who wrote (2829)10/15/1998 10:00:00 AM
From: Street Walker  Read Replies (1) of 8307
 
>Last Earnings - the stock tanked< ............ here's why:

Last time, the stock was overvalued going into earnings due to the Riley following ($75 in a year). After earnings were released, the stock traded in a range between $12 -$15 for two weeks (back to the Pre-Riley upgrade prices). Not much of a tankage. The tankage came with the general market conditions.

Now its trading at $5 and the earnings are going to be even better.
Rather than being over valued going into earnings, it is undervalued!

I disagree that you don't think EGGS will react to improved earnings:
less losses, growing on-line revenues, etc. It will be noticed,
and at these prices, they may finally get some coverage initiated by
someone more stable than Riley. The numbers are the facts and that is
what institutions look at.

Regards,
S.W.
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