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

To: HairBall who wrote (2070)	7/24/1998 9:30:00 AM
From: Kip518	Respond to of 8307

Most of the internuts are showing very small gap-ups this morning. Seems the MMs are rather timid & aren't yet sure whether the dippers are going to be rushing in or not. My guess is that this is going to be a tough day in the market and that the early rally will be be sold. What that yet means for EGGS is unclear. The range is getting narrower as we move toward earnings date. It may not break out until then. Edit, market open & EGGS fairly strong but well below yesterday's high.

To: HairBall who wrote (2070)	7/24/1998 9:31:00 AM
From: Philipp	Read Replies (1) \| Respond to of 8307

LG: < with the (60 min) tick lows up trend line broken yesterday, we might see a move down to a lower trading range.> I agree with that logic, but I don't think it will be today. For the moment, they still can make more money by following the normal routine, hoping perhaps that they can generate a speculative run again (that is in part wishful thinking, since that is, of course, what my position is based on). One can slightly argue about the trendline being broken. Not all spikes are significant during hectic trading (see Monday). One other thought: If MMs actions become too predictable, does that not mean that, at some point, they SUDDENLY have to change their routine? This is sort of supporting your point. Cheers, Phil