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

To: Brian Gross who wrote (734)	7/8/1998 7:16:00 AM
From: Irene Lynn	Respond to of 8307

i'll take a shot..yesterday the shorts covered and it didn't close where it opened which is somewhat bearish for a follow thru today and could retreat a little down to consolidate before going back up...in anticipation of earnings july 28th...onsale, one of their competitors pulled back too so my guess eggs is just running with the crowd but should either hold to consolidate before earnings or if the internet hype stays in tack a little longer could get to 20 by earnings...i still feel the second tier internet companies will make more of a run than they have up until they report their earnings...then the pullback and lull will begin till next earnings...also..one note..keep an eye on onsale...this stock has turned into a trading stock this quarter and is having a time breaking 30 on the bid...but the way the market makers took this one down makes me think something is up...because they've done this before..it was up 2...and closed almost down 2...if onsl runs..so will eggs..and onsales site is showing some auctioning of vacation plans which i know onsale has gotten into the timeshare..so there could be an announcement around the corner about this starting up on their website..that's just a gut feeling..no facts behind... happy trading.. irene