Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Rene Madsen who wrote (3838)	11/27/1998 8:09:00 AM
From: Kip518	Read Replies (5) of 8307

Keith Benjamin is skeptical e-commerce stocks can hold up (although he likes PTVL [one of my favorite shorts]) The Thanksgiving feast came early this year, with investors gorging themselves on almost any stock. The first course of the retail feeding frenzy included Yahoo!, Amazon.com, and Ebay, with AOL almost lagging as the main course. We are reminded of the ancient Hawaiian royalty that reportedly used to eat pork, poi and pineapple to the point of extreme fullness, only to have attendants massage their bellies so they could eat even more. With the good stuff eaten, investors were forced into the refrigerator to snack on the leftover stocks. When the gluttonous day trader issues a polite burp after this feast, we would not be surprised to see the air come rushing out from under some of these stocks. We don't expect more mergers or fundamental information. And without news before Christmas, we don't see the catalysts to keep the stocks moving.

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