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Technology Stocks : Egghead Computer (EGGS)

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To: Anaxagoras who wrote (4561)12/16/1998 4:36:00 PM
From: Scott Williams98  Read Replies (3) of 8307
 
Yeah, that was weird. A decent size block, too. IMO, EGGS will react with the overall market tomorrow. The $64,000 question is how will the street react when air strikes hit Iraq?? Personally, I lightened up today as the uncertainty is too great (I want to sleep)<g>.

My entry point into EGGS will be once it breaks through $21.75 on solid volume. That is the MAJOR resistance point. I almost thought we would do it today.

Also, watch for EGGS to make a strong move upward when they report holiday sales (if they come in strong, which I feel they will). The e-tail stocks are reacting favorably to this kind of news (i.e. AOL).

Best of luck and God bless the innocent people in Iraq.

SCOTT
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