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

To: VBroady who wrote (2829)	10/15/1998 4:51:00 AM
From: Darrin Vernier	Respond to of 8307

VBroady, Very well said. Only small point on which we differ is that I doubt the stock will wait for the report to crack 4 1/2. If the report were to show EGGS of the purest gold, then just MAYBE they won't be cut off with a rusty spoon. But the market could care less what I think. Someone spoke of buying historical bottoms here. A wise friend of mine said,"Let it prove it to you first". I've found out the hard way that it is worth missing a few points upside to avoid the next big step down. JMHO, Good Trades to All, Darrin

To: VBroady who wrote (2829)	10/15/1998 10:00:00 AM
From: Street Walker	Read Replies (1) \| Respond to of 8307

>Last Earnings - the stock tanked< ............ here's why: Last time, the stock was overvalued going into earnings due to the Riley following ($75 in a year). After earnings were released, the stock traded in a range between $12 -$15 for two weeks (back to the Pre-Riley upgrade prices). Not much of a tankage. The tankage came with the general market conditions. Now its trading at $5 and the earnings are going to be even better. Rather than being over valued going into earnings, it is undervalued! I disagree that you don't think EGGS will react to improved earnings: less losses, growing on-line revenues, etc. It will be noticed, and at these prices, they may finally get some coverage initiated by someone more stable than Riley. The numbers are the facts and that is what institutions look at. Regards, S.W.