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Technology Stocks : Egghead Computer (EGGS)

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To: Kip518 who wrote (7381)3/23/1999 12:32:00 PM
From: HairBall  Read Replies (2) of 8307
 
Kip: Well, I took a position in EGGS first time in a long time. I not sure, but I think this was my first loosing trade on EGGS...<g>

I went short at 19.75...yes I bought right before what I thought would be a drop...I got snookered...with in minutes my technicals reversed and gave me a cover signal. Well, I decided to hang in and let my stop loss take me out and it did.

The MM's are walking this puppy up today, no doubt. ISLD is the leading MM moving it up, but others are helping. I don't mind a stock moving up because the public is buying it, but the MM's are moving it up to hit those trigger points to lure in JQP.

Those phantom bids at 45 to 65K that come and go in a flash, should be "against the law"...<ng>

When the MM's pull support, EGGS is a short...<g>

Regards,
LG
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