Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Kimberly Lee who wrote (4012)	11/28/1998 3:18:00 PM
From: Anaxagoras	Read Replies (1) of 8307

I'm missin' your point; the fact that you can dig up examples where a CEO sells and the stocks rise afterwards doesn't address what I said. Heck, there are enough strange happenings in the market that anything can happen. But I try to work on probabilities, and the fact that a CEO is getting rid of a significant chunk of shares for a seven digit figure would be troubling to me (and of course he's not the only one who has been dumping, just the most recent). KTEL is facing Nasdaq delisting and massive lawsuits and yet it managed to effortlessly tag on nearly 50% gain on Friday. Again, so what? Does this mean it's rational to go out there and buy any piece of crap with a web site? KTEL is a basket case of a company. The only reason I'd long it is on technicals, and I've done it with a few internuts, but not at the moment. But hey, I could be ugly wrong come Monday and I'll cover or box. In fact, TokyoMex just raised his near-termed target for EGGS to 60 - 80 today. Don't even get me started on what this epitome of online chatter has to say; he's led his lemmings off a cliff in the past. Anaxagoras

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