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

To: shane hartman who wrote (4211)	11/30/1998 7:14:00 PM
From: Arizona997	Read Replies (3) \| Respond to of 8307

Market makers and short sellers had the perfect day. The MM's kited the open to an incredible $39 knowing full well the S&P futures were foretelling a down day. On top of this you've got everyone and his brother on margin up to their eyeballs in EGGS... a shortseller's dream. Look at the huge short selling in the first hour of trading and the resultant steep decline in stock price...and on the way down hitting all the stop sells. Today was clean-up day for the MM's and shorts. Tomorrow, IMO will likely be another story. My guess is that all the weak players were blown out today... panic sellers and heavy margin players. I think EGGS is way oversold at this level compared to other lead players in this sector and this will result in heavy buying tomorrow by the big money players. I predict we'll close back around 31 - 32 tomorrow. Gary G.