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

To: Philipp who wrote (2046)	7/23/1998 4:54:00 PM
From: Wayners	Read Replies (2) \| Respond to of 8307

Follow the volume. Looking at top 10 volume today, only one was even an up day. The stock is PSIX. That's where the hot money was today. Probably will see some spillover tomorrow as well. No predictions from me after that.

To: Philipp who wrote (2046)	7/24/1998 7:00:00 AM
From: Philipp	Read Replies (1) \| Respond to of 8307

I changed my mind. I am going to make a prediction for the day: EGGS: Up, testing recent resistance levels (despite yesterday's SIGNIFICANT failure). Reasons: 1. EGGS is trading just above a strong support level. 2. I don't see any EGGS-specific downward pressure (at least till earnings). 3. The general market should rebound a bit today. Therefore, EGGS is a relative bargain. I don't expect it to break out of the recent trading range ($ 21.5 - 24), but would not completely exclude it either (depends on external factors, real speculators' intentions, etc.). Good trading to all. Philipp P.S.: My conviction level is steadily falling. I may well close out my long position today. P.P.S.: I have to say that I admire Kip's strong convictions to hold a short overnight at this price level. If he were right, I would certainly be out of EGGS.