Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Anaxagoras who wrote (4007)	11/28/1998 2:58:00 PM
From: Kip518	Read Replies (1) of 8307

The second, which is applicable here, is that the CEO knows when it's a good time to cash in; that's why it was considered "news worthy" and reported several places Anax, ordinarily I would agree with this statement, however, I do not believe any CEO of the e-commerce companies could have predicted the price frenzy of the past week (and which may carry on for a few more days). This is market bubble stuff. Orban probably planned his sale for the modest push expected from the new web site -- what happened is just market madness. IMO, your short sale is probably a just little bit early. Unless there is some horrible news over the weekend that spooks the world markets, EGGS looks to have another gapup/strong day on Monday. One will be able to put on good shorts from higher levels. It is my intention to reverse perhaps as early as Monday but no later than Wednesday (sorry, Dorine). EGGS has made a very long pole of a likely new flag/pennant formation (or a blowoff top), regardless of where its ultimate high turns out to be, a substantial correction is inevitable soon. Kip

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