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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: Tae Spam Kim who wrote (314)3/10/1998 12:04:00 PM
From: James Strauss  Respond to of 8307
 
Tae:

You have a good market letter...

EGGS recently broke through a downsloping trendline of multi year duration... This is a very bullish occurrence... Any downside movement would be short lived as EGGS is now perceived as a strong Internet Commerce player... Without all those store expenses (payroll, rent, utilities, etc.), the Street will be anticipating dramatic earnings improvement during the next 12 months... Positive anticipation usually translates into higher stock prices and P/E multiples...

Jim