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Technology Stocks : Egghead Computer (EGGS)

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To: Elllk who wrote (4417)12/7/1998 8:33:00 PM
From: Anaxagoras  Read Replies (1) of 8307
 
<<Your remarkable call on the downturn suggests you are not that big a fool....>>

Err, thanks---- I think.
Wasn't remarkable, but kind of obvious since trees don't grow forever.
This afternoon's bullish call isn't so remarkable either- it's too soon to stick a fork in this sector and call it done (although it did look like EGGS was gonna be down for the count for a while)- there's a bunch of IPOs this week that apparently will keep interest centered on this hype area. The trading on EGGS at the end of the day was surprisingly bullish on no news (that I can find), and it rose into the close for a change while its peers closed down. Suggests a good open tomorrow, but it's not going near $40 again for a long time, IMO.
I'm not intending to hold this too long (nor is anybody else, as far as I can tell), but that will depend on how it trades.

Anaxagoras
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