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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: xcr600 who wrote (4318)10/19/1998 10:24:00 PM
From: GT  Read Replies (1) of 18998
 
Gang - remember KTEL ??? I have been looking at EGGS and am starting to think we are sitting on a massive short squeeze here. This afternoon's 50% rise (closed at the high - all buys till almost 5:00 - 8 3/8 to 8 1/2 prints galore) was obviously due to a leak that tomorrows earnings (after the close) are gonna be huge - and the shorts have started covering. But there is no way they could have covered today - this thing may rocket for a few days easy. I'm getting in at the open as i don't expect eggs to come back at all - just look at todays chart !! we are talking VERY VERY STRONG !! There is no way any short position will want to go into the close tomorrow just before earnings after todays abrupt indication. EGGSEGGSEGGSEGGS $$$$$$
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