Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: James H. Irwin who wrote (5982)	1/20/1999 9:06:00 AM
From: Anaxagoras	Read Replies (1) of 8307

Hi Jim, Something that occurred to me when reviewing your theory: << Also I mentioned to some that I know some of the brokers at Montgomery were playing EGGS 3 or 4 weeks back...all day today MONT was a seller. ...I don't know if many of you have ever left a brokerage firm without first clearing out your account...with the volatility of today's market you don't want to transfer your stock through the ACAT system (which can take up to 2 weeks) without the ability to liquidate your account. I suspect some of their selling was due to that phenomenon.>> If indeed this were happening, wouldn't the new hires be buying EGGS back once they set up shop at Weisel's shop? In fact, wouldn't they have already done this? BTW, don't know if you noticed, but NITE, the leading market maker in both Nasdaq securities and the over-the-counter market came in seven cents above the First Call mean, with revs rising 78% to $119.3 million. Who says MMs don't make money? ;-) Anaxagoras

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