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


To: UFGator93 who wrote (2014)7/23/1998 9:28:00 AM
From: jk  Respond to of 8307
 
EGGS up because their due to report on Monday and people don't want to be short,JK



To: UFGator93 who wrote (2014)7/23/1998 9:38:00 AM
From: john dodson  Respond to of 8307
 
AMZN's range so far: 128 1/2 - 137, at only 8:40 a.m. (central):

Last: 136 3/16 + 2 3/16.

Wow! That's movement.

-John Dodson



To: UFGator93 who wrote (2014)7/23/1998 10:15:00 AM
From: UFGator93  Read Replies (1) | Respond to of 8307
 
EGGS is showing excellent support at 23 right now. It has tried several times to run down but won't break that level. I was hoping that the AMZN earnings would drag EGGS down to under 23 before market but it doesn't look like that is going to happen. I'll be watching very closely today to see if it can sink below and may increase my short position if volume starts to pick up as it moves under 23. If it starts a run and moves over 24, a fairly strong resistance level over the past few days, it might be time to cover. I doubt very seriously that I'd initiate any kind of long position, however, as my opinion is that EGGS has just run too far too fast and these gains can't be supported.

Just my opinion.

Damon