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

To: Kip518 who wrote (2636)	8/28/1998 12:11:00 AM
From: Dana Johnson	Respond to of 8307

Boy, I don't know abut the relief rally. "It may be different this time." Right now, Japan is down another 3%. It is well below the 14500 level that Harry Dent and others have identified as key support. Did you see him on CNBC the other day? He suggested that if the Nikkei broke support, he thought it would trade down under 10000. (He said to 5000!) This is the climatic event that he thought would mark the market bottom. I find it really hard to imagine many traders wanting to stay long over the weekend.

To: Kip518 who wrote (2636)	8/28/1998 10:27:00 AM
From: Rommy B.	Read Replies (1) \| Respond to of 8307

Count me in, guys. I am now long on eggs (again). I figured, how low could it possibly go?... (rhteorical question <g>). But seriously, I don't think it can go much lower from here. Also, I bet there are tons of people shorting this stock and I wouldn't be surprised to see a short squeeze in the next few days. Of course, I may be wrong, but we'll see. By the way, is there any explanation, fundamentally, why EGGS has slipped so far down? Just like I shorted EGGS when it was over $20 (though I covered way too early, in hindsight), I don't see a reason justifying why EGGS is below $10. Any opinions out there? Good luck to all, Rommy