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


To: fiberman who wrote (2513)8/11/1998 10:58:00 AM
From: HairBall  Read Replies (1) | Respond to of 8307
 
fiberman: EGGS has been holding tough, when ever the market has tried to go down. I still think EGGS "may" have a small chance to fill the gap down at 17 area. But, I would not bet the farm on it! Of course, now EGGS has another gap down today!

EGGS, needs to build a new base to rally from. It should fill the gap up at 9 and build a base from there. However, the 200 day SMA could be EGGS floor.

Both PSIX and EGGS have been resisting well on market down moves and tending to favor market moves up. Overall market pressure eventually could determine EGGS and PSIX fate.

BWDIK
Regards,
LG

PS: Had my first loosing day yesterday. (Since starting back to day trading.) Trying to short PSIX. Got out before the bell (per my discipline). If only I had held overnight, just this once! <g>