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


To: Wayners who wrote (3467)11/12/1998 4:15:00 PM
From: HairBall  Read Replies (1) | Respond to of 8307
 
Wayne: Just got back. EGGS faired OK, today. EGGS needed a good consolidation.

Except for EGGS divergence from the Dow this AM, long enough to fill its gap, it has been sensitive to the movement of the DOW as of late. (Often this is not the case.)

For "traders" that bought at or shortly after the gap filled today, the Dow's bounce off its upper descending trend line of its Bull Flag was a good opportunity to sell and go short or wait to buy back at lower prices.

For "investors" after the gap filled today, today's consolidation should help EGGS prep for further progress.

Looks like its was a good day to trade EGGS. <g>

(The above is just my opinion and All Disclaimers apply.)

BWDIK
Regards,
LG
PS: I have no views on EGGS for tomorrow at this time!