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

To: Don Pueblo who wrote (2996)	10/20/1998 10:06:00 PM
From: HairBall	Read Replies (1) \| Respond to of 8307

TLC: It actually would have been possible for any trader to short the stock at 9 3/8 To sell short you would have traded at the "bid". Often the high of the day is a trade at the "ask". To cover you would have traded at the "ask". Often the low of the day is a trade at the "bid". To make the trades in discussion, one would have to have an abnormal day and be very lucky! That is my reasoning. BWDIK Regards, LG

To: Don Pueblo who wrote (2996)	10/21/1998 1:18:00 AM
From: Elllk	Read Replies (2) \| Respond to of 8307

TLC Once again you seem to be quite accurate, and continuing to prove your superiority to the human species. To be totally fair, the only claim of TokyoMex that I can find is that he sold EGGS at 9 and made a ton of money. Of course, this was reported at 4:20 pm which may qualify TMex as the only current novelist with an audience or as one of the all time great Monday (or Tuesday, if you prefer) morning quarterbacks. But its great to see a guy who can almost always buy at the bottom and sell at the top, which even Bernard Baruch and many of the other great ones said they wouldn't even try to do. Meanwhile, the ever present Street Walker, who turned out to be absent all day, reported at 7:20 pm that he sold at 9, also. Despite the fact that yesterday he advised: <<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 ecommerce 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 quawk@cnbc.com. Along with coverage soon by Steve Harmon (internet stock report); briefing.com; and the Motely Fools; maybe even TheSTREET.com 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. >> At least he's smart enough to not follow his own advice. It was reported that the last time EGGS came out with a report like this (increased revenue, but lower earnings) it went into the tank. But, of course, it was at a much higher price then, and that may make a difference with the reaction tomorrow. At any rate, if EGGS, by chance, goes up, we will, I am sure, benefit from learning about some more novel mechanisms whereby these fellows managed to get in at the bottom and sell at the top. So, TLC, here's a story after your own heart. Robert Frost spoke of trying to get through reading the essays of some of his students. Near the end of his efforts he saw an ant moving across a paper he was reading. His first impulse was to crush the ant with the eraser on his pencil. But he quickly decided, after the reading he had waded through, to spare any sign of life on a page. Now I do think there is some evidence that TMex and Street Walker trade on paper, on the other hand, maybe there is at least some low sign of some kind of life there. Larry