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Strategies & Market Trends : LastShadow's Position Trading

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To: John J H Kim who wrote (10712)	3/18/1999 9:31:00 AM
From: LastShadow	Read Replies (2) of 43080

09:07 ET Egghead.Com (EGGS) 16 15/16: U.S. Bancorp Piper Jaffray initiates coverage of issue with a "strong buy" rating and 12-month target of $28. Briefing.com found it unusual that over the past few days several top firms have initiated coverage of a company that previously no leading investment banks would touch. But a closer look reveals that each of the firms starting coverage also happened to participate in a 5 mln share secondary offering the company priced last week.

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