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

To: stockycd who wrote (3660)	11/24/1998 3:27:00 AM
From: Jackie Ng	Read Replies (3) \| Respond to of 8307

Just bought few thousands share more (below $14) today on EGGS after a huge gain from YHOO. I was thinking to buy more EGGS last week when it fell below $13, but I didn't. Just because it look like it would pull back by individual investors (who want to sell or short). However, while I was looking at the bid/ask activity today, I found out most of the ask was formed by a small investors( around 500 to 1k shares). Once the Ask had been accumulated to a certain size, some buyers just came in and took (bought) all that shares. Then the price went up and they stopped buying. After the ask went down and the shares on that side accumulated to a certain size (mostly 50k to 100k) then the shares just being taken again. It happened many times today. What I think is someone try to accumulate this stock in a lower price. Obviously, there were so many ask at above $14; therefore, it was difficult for EGGS to move up. I am not sure I am right. Anyway I just bought more shares today based on my observation of those activities. I have been trading EGGS since summer time. Enjoying the big run to above $20. I hope I am buying at the right time again. Any opinion regarding the current activities on EGGS? What kind of investors are selling in the size of 1k to 2k? And who is buying in the size of 5K, 10K or above? Waiting to See........ J.