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

To: ayahuasca who wrote (746)	7/8/1998 9:39:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 8307

Mark, The last two days were big sell offs in this sector and we held up the best out of the bunch, that say it all for me.

To: ayahuasca who wrote (746)	7/8/1998 10:33:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 8307

There is no reason EGGS shouldnt reach the unbeleivable valuations of some similar internet stocks. So, your rationale for being bullish on EGGS is that if everything else is insane, we should at least expect EGGS to get a little wacky? Think about what you are suggesting - if every other 'net stock is "unbelievable", EGGS should be too? Is that really what you meant? This takes the greater fool theory to new heights - "Look at what the fools are willing to pay for those. Surely some of those fools will be willing to pay as much for this." FWIW, I have never recommended shorting EGGS. Ask Cowboy Brett. As far as e-commerce businesses go, it may have a bright future, but it has much to do to prove itself. If you believe in management, its value is not ridiculous. Buy it as a long term investment, not because you think some bunch of fools will pay you $30 or $50 or whatever for it next week. Good luck, Bob