Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Raven McCloud who wrote (7178)	3/17/1999 9:19:00 AM
From: Kip518	Read Replies (1) of 8307

Raven, you need to contain your excitement. With the SPO's the underwriters (including PRU) have been bought & the hype (sorry, in-depth analysis by financial experts) will start (e.g. TSC piece this morning). This is to be expected. People want to sell you their stock at much higher prices. Given this includes the SPO buyers sitting on a 13 1/2 point entry, it takes a PR push to get those guys to not be sellers here. So far, there is only support & up movement in a downtrend channel. EGGS has to move beyond 17 to break out of the downtrend. If it doesn't make it today, time to step aside again. Pre-opening looks good for the break (bid 16 1/2). Watch closely. Don't stop saying to yourself -- "EGGS is a trading stock, EGGS is a trading stock......."

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