SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Egghead Computer (EGGS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Anaxagoras who wrote (7710)5/17/1999 12:31:00 PM
From: Kip518  Read Replies (1) of 8307
 
What's interesting is the fact that they didn't take out the stops- it's going down surprisingly gently, not what I expected.

Yes, this is certainly interesting. Now that I'm out, my guess is that the support line is being held by underwriters (those with level II can confirm) on behalf of their client, EGGS, not retail clients. SPO buyers, who have not already grabbed their profits, have probably set the stops lower....then, of course, there are the die-hard longs (such as on this thread) who are going to hold until the stock finally goes up (probably for a break-even withdrawal) or their pain threshold is crossed. Only short-term traders, such as myself, have set a close stop. Apparently there just aren't very many of us in EGGS at the moment...all the more reason to move on.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News