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Technology Stocks : Egghead Computer (EGGS)

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To: Scott Williams98 who wrote (5841)1/14/1999 4:39:00 PM
From: Anaxagoras  Read Replies (1) of 8307
 
<<Not too bad I guess, considering how the markets got hammered today.>>

Yeah, I'll say. This is the first time that I've noticed EGGS close up and DOT close in the red.

<<If I'm not mistaken, it's options expiration tomorrow for EGGS.>>

Basically, although sticklers would point out that actually Saturday is expiry, but last day of trading for equity options is tomorrow.

<<I'll be expecting overall market to take a hit again tomorrow before the long weekend.>>

Maybe; as usual, certain strikes will be "sticky", i.e. the ones with the largest OI. I haven't checked recently for EGGS, but it wouldn't surprise me to see EGGS get pinned to $25 (or $22 1/2).

Anaxagoras
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