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Technology Stocks : Egghead Computer (EGGS)

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To: Craig Rogers who wrote (3376)11/11/1998 9:32:00 AM
From: HairBall  Read Replies (2) of 8307
 
Craig: Don't panic...if you feel adding to your long position is the right thing to do...time it!

I bought back into to KTEL when it pulled back below 20. Reversed to a short slightly above 30. Then I covered at the end of the day. Did not take an additional long position in EGGS, so I missed some of the upside. But, I went short EGGS a little below 15 and covered at the end of the day.

I made out like a bandit yesterday...I don't want to give any back... so I will let the Market talk to me for awhile after the open and then decide...

I still expect the Market overall to turn down, at least short-term. My indicators are in short-term sell signals for several of the Indices. The INTC earnings will skew expectations and cause a pop this AM. I will wait to see if there is follow through.

BWDIK
Regards,
LG
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