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

To: HairBall who wrote (1512)	7/15/1998 4:41:00 PM
From: CRay33	Read Replies (1) \| Respond to of 8307

I agree, afterhours up slightly. With this much short interest, my money's on a gap up. Just when people think it's a trend - BOOM - reversal.

To: HairBall who wrote (1512)	7/15/1998 6:28:00 PM
From: BILL L	Read Replies (3) \| Respond to of 8307

LGreeg, i think MMs only gap down first. too many shares at their hands now...if u short this eggs, u are on the safe side at this point. 10M float, short will not get sequeezed anytime soon, since the momentumn was dead already. the reality is that hyped stocks got killed very badly, look at KLB from 19 to this level,,KTEL also. then u will know where EGGS will go down from here. General investment community think EGGS is already high at 20, and they won't put money at this level..individual investors won't be able to support 20 given tremendous amount of profit taking and short pressure. yeap..earning will come out..but the company is still at huge loss. only help a little bit, i don't think it can create another momentum like this one before...i just hate people lose their money like this..too easy and too quickly. everyone wants to make money..actually, do not worry about MMs now..no matter what they do, their purpose now is to spare the ton of shares at their hand. try bit this way tomorrow. if they bring it up hand, short it. if they yank it down very low..buy, and then wait it to come back and sell..do a little daytrading..u will very enjoy your profit. the reason for this is always that general investors tend to buy the stock going up..and scared by the stock going down. but now, u know the game..play it a little bit..this is how the momentum stocks work in general..good trading to u today..make more tomorrow. again, the reason i knew the momentum was dead is that i had very tough time two days ago to sell at the limit order way below their bid. they kept walking down..it tell me the fact is that the sell order was piling up there. the tide turn the other way around..so, this is what many investors in SI did, shorting it around 26-25. hope this helped. Regards