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


To: Barry A. Watzman who wrote (4266)12/1/1998 9:38:00 PM
From: HECTOR RUBERT  Read Replies (1) | Respond to of 8307
 
A bit more focus and you'll be rewarded....

There is no doubt in my mind that MM's were directly involved to Monday's crash. While we were rallying, the MM's were shorting 'cause they knew about the news release of tighter margins on net stocks. Their shorting positions added more shares to the pool and when the buying slowed the crash was on. It was so fast that all stop loss orders were executed 20,30, even 40pts lower.

We will have another big rally before Christmas. Trust me!!! MM's are making money on the way down until a base is set. Once this is done, they're going to add to their positions BIG TIME. However, once the next rally takes on I suggest everyone sets a benchmark to get out. MM's want one last rally before cashing their chips before Christmas. I expect us to go to $38 in the next rally, maybe a bit higher. However, I will take my winnings for Christmas a day before MM's take theirs.

Next week will be a totally different picture but remember, don't get greedy and set yourself a good benchmark. There will be another buying opportunity in early January.

IMHO

Hector



To: Barry A. Watzman who wrote (4266)12/1/1998 11:51:00 PM
From: Norm Tock  Read Replies (1) | Respond to of 8307
 
I had a problem with Muriel Siebert this week also. I was trying to sell EGGS @ $28 1/2 and entered this trade on my Internet connection. I did not take long for me to figure out it was not being acted on ( order was at market). I called on the phone and they made a trade for immediately - however at $23 1/2. There was a seven minute gap and they still had not acted on the computer order. I registered a complaint also saying the phone orders have precedent over computer orders. They did not acknowledge that, but I doubt if I will use the computer again when trading volatile stocks. I should add this is only one of the very few complaints I have had with Muriel Siebert over a 4 - 5 year span.