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

To: Jack Mills who wrote (2056)	7/23/1998 7:51:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 8307

I have no fear owning EGGS here,, bought another 10,000 at 21 3/4.. On top of 10,000 buy at 23 ,, after having sold yesterdays at 23 1/2 at open ..

To: Jack Mills who wrote (2056)	7/23/1998 7:53:00 PM
From: Wayners	Respond to of 8307

Well you have a lot more patience with PSIX than me. In fact it was stocks like PSIX that turned me into a position trader and now a day trader mostly. I bought PSIX at $9 3/8 what now seems like a very long time ago. I rode it down to low $6 and then rode it up to the trading range from hell where it regularly went between $7 1/2 and $9 but never high enough for me to get my dollars back and get out. I was in it for about 8 months. Then one of the many takeover rumors came out and it went over $9. I put in a stop at $9 or $9 1/8 and of course PSIX couldn't hold the gain and I got stopped out. Since I got out I saw the IXC deal which I still think is a bad deal unless it somehow reduces PSIX expenses. They've been promising EBITDA positive for years now. Its always promised to happen in the next 2 to 3 quarters. Never happens. IXC is going to be dilutive to shareholders, but at least with a higher stock price it will be less so. If PSIX was still at $6, it was going to quickly go to $2 to pay for the OC-48 backbone--due to dilution. At $28, PSIX still takes as a recall--a 20% hit off of that price in order to pay for the deal. I remember when PSIX sold off its consumer market to Mindspring to go all business provider.