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 (4007)	11/28/1998 2:46:00 PM
From: Anaxagoras	Respond to of 8307

From the most recent proxy: <<GEORGE P. ORBAN, age 52, has been a director of the Company since November 1985. Mr. Orban has served as Chairman of the Board of the Company since May 1996 and as the Company's Chief Executive Officer since January 1997.>>

To: Anaxagoras who wrote (4007)	11/28/1998 2:58:00 PM
From: Kip518	Read Replies (1) \| Respond to of 8307

The second, which is applicable here, is that the CEO knows when it's a good time to cash in; that's why it was considered "news worthy" and reported several places Anax, ordinarily I would agree with this statement, however, I do not believe any CEO of the e-commerce companies could have predicted the price frenzy of the past week (and which may carry on for a few more days). This is market bubble stuff. Orban probably planned his sale for the modest push expected from the new web site -- what happened is just market madness. IMO, your short sale is probably a just little bit early. Unless there is some horrible news over the weekend that spooks the world markets, EGGS looks to have another gapup/strong day on Monday. One will be able to put on good shorts from higher levels. It is my intention to reverse perhaps as early as Monday but no later than Wednesday (sorry, Dorine). EGGS has made a very long pole of a likely new flag/pennant formation (or a blowoff top), regardless of where its ultimate high turns out to be, a substantial correction is inevitable soon. Kip

To: Anaxagoras who wrote (4007)	11/28/1998 2:58:00 PM
From: Kimberly Lee	Read Replies (2) \| Respond to of 8307

<<That's not the point. There are two reasons one should be concerned about sales. The first, which is not applicable here, is an increase of supply so significant that it will hurt the stock price. For example, you gotta watch out for these when lock-up expirations for new IPOs happen. The second, which is applicable here, is that the CEO knows when it's a good time to cash in; that's why it was considered "news worthy" and reported several places. >> 200,000 shares filed for sale really doesn't mean anything in this market. OMKT's insiders filed to sell a total of 325,000 shares as recently as 11/19/98, and in fact, I believe Goldman was dumping for them on Friday, and yet the stock went up another 70%. Smith Barney and another firm downgraded BAMM from underperform to neutral on Wed, and yet the market rewards BAMM with a 200% gain the next trading day. KTEL is facing Nasdaq delisting and massive lawsuits and yet it managed to effortlessly tag on nearly 50% gain on Friday. Moreover, a Form 144 filing to sell 200,000 does not mean that Orban is going to sell them right away. Most likely, it simply means that he's waiting for EGGS to hit at least mid 40s to take some profit. Assuming that will happen, I believe he still owns plenty of shares thereafter. With the Clinton hype on ECommerce coming up on Monday as well as EGGS opening of the new site, I see it surges into the mid 40s easily. In fact, TokyoMex just raised his near-termed target for EGGS to 60 - 80 today. exchange2000.com

To: Anaxagoras who wrote (4007)	11/28/1998 3:37:00 PM
From: shane hartman	Read Replies (1) \| Respond to of 8307

><<are You sure the CEO filed to sell - the 144K ??>> >Yes, I'm positive (provided the site is correct). ><<Pls. show me the link if You can pinpoint it , >> >It's already been posted, although I'm not surprised you missed it >considering the volume of posting the past few days: >https://www.siliconinvestor.com/readmsg.aspx?msgid=6586066 I went to edgar online and insidertrader. The last 144 was filed the CFO on November 19 by the CFO. I can't find any filing for the CEO. Edgar Online is a realtime service. If the CEO had filed it would be there. I think newstrader.com may have this one wrong because I can't find confirmation on any of the other edgar sites. Does anyone have another link?