Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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) -- Ignore unavailable to you. Want to Upgrade?

To: Don Roberts who wrote (704)	7/7/1998 1:12:00 AM
From: Trader SOES	Read Replies (2) \| Respond to of 8307

>>I'm sure that at least 90% of them covered today ...<< Nope. The truly hard-core shorts are most probably still hanging on. EGGS was a momentum play today; the run-up wasn't a short-covering movement. I watch a Level II screen all day, and EGGS just ticked right along on the upside. There really wasn't any of the mad-rush buying one sees when a short squeeze occurs. Tomorrow will be telling. If the market now perceives EGGS to be a viable "Internet stock," and EGGS is up a couple of points at the open (and continues strong early on), then you might see some panic buying (ie, short-covering). Again, though (believe it or not), it didn't really happen today. Trader