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Technology Stocks : Egghead Computer (EGGS)

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To: wiley murray who wrote (3786)11/25/1998 7:37:00 PM
From: stockycd  Read Replies (3) of 8307
 
wiley,

About a week ago, I bought Dec 20 calls on EGGS partly because it was cheap and partly because it was in classic consolidation, ready for a breakout. Having said all this, I believe there was a good deal of luck going these last 2 days. Forget the fundamentals, forget general market. If EGGS hadn't been listed on the new internet index, we wouldn't be this high, this fast. EGGS is now a great day trading stock. It's cheap, so you don't have to be a millionaire to buy a decent amount of shares and it's in an industry that's on fire. I am now going to daytrade this one to the top. My general feeling at this time is that the price will go in the direction of the INX, once the institutions have bought their quota. Until then enjoy the ride.

Chris

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