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


To: James H. Irwin who wrote (3399)11/11/1998 3:55:00 PM
From: HairBall  Read Replies (2) | Respond to of 8307
 
Jim: I shorted some of this move down today. Covered in the 13 area. Got the feeling it would bounce there and it did. Tried to short again at 13.875, but EGGS fell through my price point before I could get it filled.

EGGS has been sensitive to the Market moves today. However, the Dow Industrials are forming a new Bull Flag. They have seen their lows for today, per that Flag. I suspect EGGS may try to fill the gap left yesterday. EGGS is notorious for that!

However, I suspect EGGS will have to diverge from the Market some tomorrow to fill that gap or it may not fill it!

EDIT: I will be posting my projections of the descending trend lines of the Dow Bull Flag on the TSO thread tonight.

BWDIK
Regards,
LG