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


To: Darrin Vernier who wrote (3065)10/22/1998 4:18:00 PM
From: Rommy B.  Read Replies (1) | Respond to of 8307
 
The spike above 7 may have been MM action to trap more longs and/or the markets recovering near the close. Seems like we will have one huge correction soon.
As for EGGS, since it could only stay above 9 for 10 minutes and came back to 6 more quickly than anyone had expected, AND since its earnings were not-too-good again, I would not go long on it. If I wanted to go long on an internet stock (which I wouldn't) I would choose something safer, like AOL or YHOO.
Rommy