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Technology Stocks : Egghead Computer (EGGS)

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To: HECTOR RUBERT who wrote (4279)12/2/1998 9:49:00 AM
From: Kip518  Read Replies (1) of 8307
 
UBID's IPO this Thursday will bring back the focus on E-COMMERCE. EGGS, ONSL, and EBAY will benefit from a successful UBID IPO.

Why do most people seem to be assuming that UBID will a "successful" IPO? When COOL was IPOed, it bombed. Even if it is successful, UBID is another competitor for the internut's players (non-margined) money. I think the market psych on these stocks changed on Monday. There are now a lot of folks looking to get out of longs on the next spike.

EGGS will trade as daytraders move it. I think it is unwise to assume that UBID will save EGGS' bacon (sorry, just can't seem to resist ;0})
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