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

To: Master (Hijacked) who wrote (2509)	8/10/1998 5:23:00 PM
From: zax	Respond to of 8307

Zaxbowow has sold his EGGS off today for a quick one week gain of $300. Zaxbowow has done this, because he believes the very narrow rally on the Nasdaq market of Internet stocks, surrounded by a much broader weakness in the market as a whole, is an extreme bearish indicator. Zaxbowow very much likes EGGS, but believes we are seeing signs that a large sell off of the broader market may come tomorrow of the same magnitude we saw last week. If this sell off does happen, it likely will be led by the Internet stocks, IMHO. A broad-based rally tomorrow, might be an indication that this prediction is not true; however a continued narrow breadth advance of the ISDEX surrounded by a broader market sell off, is believed by Zax to be a VERY BAD SIGN. -- Zaxbowow