Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Anaxagoras who wrote (3940)	11/28/1998 10:16:00 PM
From: Barry A. Watzman	Read Replies (1) \| Respond to of 8307

You are playing a VERY dangerous game [shorting EGGS], kind of like Russian Roulette with bullets in many [but exact number unknown] of the chambers. Your reasoning about the value of the stock relative to its price is absolutely on the mark and completely logical. The problem is that the market is behaving in an unbelievably irrational and illogical manner with regard to almost all of the INet stocks. You are fighting the tide, and stand a good chance of being swept out to sea. This game is often not about logic, reason or value, it is sometimes about emotion and momentum and greed. And if I were going to short some of these, I'd rather do it with a company such as Amazon or E-Bay that has no chance of EVER being actually worth the stock price, than with a company like Egghead, which would only have to earn about $0.25/quarter to actually be WORTH it's present stock price (at a LOW multiple).