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Technology Stocks : Egghead Computer (EGGS)
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To: Kip518 who wrote (7101)3/12/1999 7:38:00 AM
From: Anaxagoras  Read Replies (1) of 8307
 
Thanks for the thoughts, Kip.

<<Now 5 millions shares (about 20% of the float) outstanding
at the buy-in price of 14 7/8 will likely make 15 a significant support/resistance line for some time. >>

This reasoning makes sense to me- I suppose the same reasoning will hold if it gets priced lower like the just rumored $13.50. Ouch. I'm getting more and more confident that this stock will at least re-visit $12 for a test.

Anaxagoras
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