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 (4015)	11/28/1998 3:45:00 PM
From: Kimberly Lee	Respond to of 8307

<<I'm missin' your point; the fact that you can dig up examples where a CEO sells and the stocks rise afterwards doesn't address what I said >> My point is crystal clear, that in this market, specifically in the internet sector, that minor insider sale is a NON-EVENT when it comes to stock price movement, especially when EGGS is going to open up new sites on Monday, with possibly a deluge of publicity campaign accompanying the event. You also cunningly omitted the example I brought up with BAMM, in which the stock roses 200%+ on huge volume right after a serious Smith Barney downgrade. While I am at it, I will give you one more example: Jamie (DLJP) downgraded EBAY a short while ago when the stock was around 125 on valuation concern. Well, it has gone on to advance another 90 points since. When EGGS gets to mid 40 or perhaps low 50s, I would start considering a short position. For now, it's just too much momentum, hype and greed driving these stocks. Besides, my entry point was $14, and I can stay long until my target is reached, just keep raising my stop with each price increment.