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Technology Stocks : Egghead Computer (EGGS)
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To: stratolink who wrote (7438)3/26/1999 9:34:00 AM
From: Raven McCloud  Read Replies (1) of 8307
 
I still have to reitterate that EGGS has
fallen into the black hole perception of
being a great "trading" stock. It encounters
a lot of resistance everytime it moves a couple
of pts. up. Traders, long and short, help to
keep the beta high.

Until some very, very big news comes long
to create a true short squeeze and present
a remarkable buying opportunity for the longs,
I don't see Eggs breaking out of this trading pattern.

Todays news of AMZN seems to have put some selling
pressure on EGGS.
I'm looking to cover below $19, which we might even
see today.
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