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


To: Harry who wrote (1490)7/15/1998 2:49:00 PM
From: East Coast Gang  Respond to of 8307
 
Not yet....maybe tomorrow for a quickie.

dave, etc...



To: Harry who wrote (1490)7/15/1998 2:52:00 PM
From: Jerry Miller  Respond to of 8307
 
i'm in yesterday, at 24.
3 year time line.



To: Harry who wrote (1490)7/15/1998 2:54:00 PM
From: Kip518  Read Replies (2) | Respond to of 8307
 
Harry, at this time, best to go long only for intraday trading. Trend is down. Good support is way down at 9. Option expirations suggest a close at 20 or below on Friday.

Someone has mentioned having a problem getting shares to short. Is that wide spread? I use Fidelity and have gone back a forth short - long - short today with no problem. However, if some houses are unwilling to make shares available that's important to know.

Kip



To: Harry who wrote (1490)7/15/1998 2:57:00 PM
From: Timothy R. West  Read Replies (1) | Respond to of 8307
 
So, EGGS is essentially 90% CHEAPER THAN AMAZON!
Therefore, flat out shorting EGGS is insane.
If EGGS were valued at the Price-to-sales ratios of the biggies, then watch out ABOVE.
EGGS annualized quarterly revenue PSR is 1.5 (assuming 23 stock price).
Amazon.com is 14 times sales (annualizing most recent quarters' revs).

Again, EGGS is essentially 90% CHEAPER THAN AMAZON!