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


To: Arizona997 who wrote (4215)11/30/1998 7:17:00 PM
From: shane hartman  Respond to of 8307
 
I'd like to know Dean Witter sold out today. They had about 10% of EGGS. As long as the institutions aren't selling, the float is reduced. If they didn't sell, I can see it at 30 tomorrow. Don't know if it will close there.



To: Arizona997 who wrote (4215)11/30/1998 7:53:00 PM
From: Estephen  Read Replies (1) | Respond to of 8307
 
" My guess is that all the weak players were blown out today... panic sellers and heavy margin players"

I liked today's action and the volume was great. Good wash out and got some stronger hands in play.

Eggs actually showed good resiliences (even the aberrant spike down as margin calls came in).

Eggs is one of the most recognisable names on the internet. With their new web site, products and advertising, this stock has a lot of momentum at the right time. I wouldn't be surprised to see 30 tomorrow.



To: Arizona997 who wrote (4215)11/30/1998 8:23:00 PM
From: stockycd  Respond to of 8307
 
Gary,
Don't know if I agree with you, but your thoughts sure make me feel better. The technicals collapsed on EGGS last week. I've been out since last Wednesday but have been in some others. I know these stocks were way overbought. I guess a lot of people are learning some painful lessons. Last Friday was the bait. HOOK LINE AND SINKER.

Chris