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Technology Stocks : Egghead Computer (EGGS)

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To: SkyDart who wrote (6949)3/6/1999 10:28:00 AM
From: Kip518  Read Replies (1) of 8307
 
Dart, now don't go getting pompous on us again. I don't think I called you a name or supported my position with name-calling. If you believe so, I apologize. However, is this a pot-kettle matter? It was you called me a "contrary indicator!" -- oh the pain and humiliation of being lumped with bald-man-from-mars, fiberman, and TEdennis. Dart, get off your high horse and try to get a sense of humor.

I have no problem with dialogue and disagreement. My objection was the way you introduced yourself to the thread with a "yahoo" tout justified by "TA certainty" -- BUY SIGNAL/EGGS at 14 1/2: Technicals show EGGS a compelling BUY here. Bullish divergences, support at 200 day EMA. Williams % R and MACD confirm. Expect 30 to 50% move up imminently. These indicators have been correct virtually every time in the past. (http://www.exchange2000.com/~wsapi/investor/reply-8147616)... which, of course, proved to be hogwash. (One assumes that you will adjust that claim before you use it again.)

Now we're both out of EGGS. You, for the first time (?), with a sensible loss and me, for the eighth time, with another modest gain. I suspect you won't be back for a while (losses tend to have that consequence) but I'll stick around.

EGGS is still a great trading stock. While I believe it probably faces a bleak future, that won't happen immediately and hope springs eternal in Nutzland. I covered because of the general strength in the market. Although there was no sign of it in the close, I think there is a good chance that EGGS may eventually be lifted with the other boats. If EGGS is lifted, the SPO is on. Then, things get really interesting. (But, of course, I could be wrong. EGGS could well just keep drifting down without a break. Then I guess I'm just out of the play).

As for you, SkyDart, I wish you good fortune in investing and I hope when you next introduce yourself to a thread that you enter with a quieter and reasonable voice. There is less risk in leaving with egg on the face.

Kip
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