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Technology Stocks : Egghead Computer (EGGS)
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To: Lord Smooth who wrote (7767)6/2/1999 2:05:00 PM
From: Kip518  Read Replies (2) of 8307
 
While EGGS may not be $40 again by xmas, sentiment can change quickly, and I would be surprised if the stock does not rally from a summer low by Dec..

LS, of course I agree that EGGS will likely have a Fall rally off its summer lows. However, I think there is good reason to believe that we're talking about a pimple not a rocket....and it could start from $3-4 even with a double or triple move would barely be above where we are now. The damage being done to the nutz (and continuing to be done) will leave fingers burned for a long time. And, of course, FWIW, don't forget that this is the Y2K xmas. Even without extreme Y2K craziness the season could be fairly muted by other concerns.

Good luck
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