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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: GT who wrote (4320)	10/20/1998 1:32:00 AM
From: umbro	Read Replies (1) \| Respond to of 18998

Gorcon makes the case for a short-squeeze in EGGS, have been looking at EGGS and am starting to think we are sitting on a massive short squeeze here. ... But there is no way they could have covered today - this thing may rocket for a few days easy. Gorcon, you may be right. The only problem I have with EGGS is that on every board/thread that I turn to, there is someone yelling "Buy EGGS! It's going to move!". Maybe EGGS will be like KTEL. Have you looked at KTEL's chart recently? quote.yahoo.com (currently trading at 6 1/2, with 52-week high of just under 40) Marketguide shows the short interest in EGGS to be 2 mil shares, the ave. daily volume 1.6 mil. and the float 13 mil. Doesn't sound like the ingredients for a short squeeze to me.