E-Games (EGAM) Message Board

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Technology Stocks : E-Games (EGAM)

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To: Harold who wrote (91)	3/3/1999 3:48:00 PM
From: WHL	Read Replies (1) of 335

Daytraders are selling on emotion with a big loss (patience is a virtue). MMs clearly are still desiring to drive price down. They must have gotten caught with their pants down in the price explosion in late Feb. A lot of times they end up way short by filling orders during an advance. Then they want to take the price back through the prior price range to give them a chance to cover. (The expansion of the spread everytime the price rises is a good indicator that the MMs are involved in this decline.) Once the MMs are finished covering (they may bring us some bad comments about the company by someone in order to expedite capitulation selling), then the stock will be free to return to fair value once again (approx $5-7).

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