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

To: TokyoMex who wrote (2895)	10/20/1998 12:30:00 AM
From: Street Walker	Read Replies (1) \| Respond to of 8307

Thoughts for EGGS on TUESDAY ---------------- attention DAYTRADERS! EGGS can gap and keep running up! They are hatching! Don't underestimate the power of EGGS momentum and the attention e-commerce is getting in the media. There are still somewhere around 1 MILLION+ SHORT shares that need covering ! Those traders who sell on the morning gap will be in mourning as they see the price just keep escalating through the day and gap on Wednesday. This is what happened when EGGS ran from $16 to 29. Early sellers lost out on major profits. Don't trip on 1/8ths and 1/4ths when many DOLLARS are to be made by holding just a few days! Sometimes its just best to make a lot of money on a few day hold, than make less on tinnie scalps. EGGS is going to get a lot of media mention on Tuesday and Wednesday. BEST TO BE LONG A FEW DAYS. Not including the attention they will get by Orban in New York on Thursday and Friday. WE WILL MOST LIKELY GET A CNBC MENTION. - be sure to email squawk@cnbc.com. Along with coverage soon by Steve Harmon (internet stock report); Briefing.com; and the Motely Fools; maybe even TheSTREET.com <g> Don't think about shorting the next few days. Most likely, smarter shorters than yourself are COVERING ! If you are a very brave short soul keep very tight stop-outs. Once again, you'll be trading only for 1/8ths when the dollars are to be made on the LONG side. This is going to be a fun SHORT SQUEEEZE so participate in it by holding the LONG side and force the shorts. Don't let Level II scare you into a sell. Keep watch on charts at positive momentum creating higher support levels. For options traders... momentum will occur there as well. November calls still in order. May check out the greeks of the options above the $10 calls. Regards, S.W.