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Technology Stocks : INTERNET MANIA! Day Trading Net Stocks
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To: Eric J. Beyer who wrote (178)11/29/1998 1:42:00 AM
From: Michael Berkel  Read Replies (1) of 1054
 
EGGS will continue to soar for that same reason! Although EGGS float is larger, Mutual Funds and institutional investors are currently holding 50%. This percentage will considerably increase during the next few weeks, when every Tom, Dick & Harry will start asking their Money Managers:
"And what have you done for me lately as far as the Internet is concerned?"
So you will see a lot of the so called "window buying" happening in the next few weeks, to show the Momentum names in their portfolios and make their clients happy!
And why will they buy such names as ONSL and EGGS? The single most important reason here is: Brand Recognition! Same story as what happened with AOL and AMZN and YHOO in the past.
Small investors are beginning to hear of Egghead and OnSale.
My uncle, who is a total lay person as far as investments and stocks are concerned, phoned me the other day saying:
"Hi EGGHEAD, did you buy that thing today?"
Investing is 10% valuation but 90% psychology.
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