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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Albert Martin who wrote (12072)12/30/1998 7:56:00 PM
From: Ken W  Read Replies (2) | Respond to of 29382
 
Albert,

I owned EGGS, up until yesterday. Earnings are due out the 19th of Jan. Today's selling was folks, just like me, protecting a small profit from the 22. 23 level. The stock trades nicely between 23 and 26 as a roller. As you know EGGS has a large float for an inet stock, so it moves rather slowly.

As far as the future of EGGS, this will be their first full year of inet presence and not expected to make money yet, just narrow the loss. They have a great deal of co's to go against in the software area, but I think they will win out due to brand name and programs that they have in place. I have bought software from them on the net and have been pleased with the service and response.

Ken



To: Albert Martin who wrote (12072)12/31/1998 10:05:00 AM
From: Cary C  Read Replies (1) | Respond to of 29382
 
>>What do you and the other Amigos think??<<

Sergio and I both thought this stock was a dog even when it was under $9. Shows you what I knew. lol

EGGS was actually the stock that told me to throw FA out the window with internet stocks. I have since refined that even further to admit that the FA might even be there but it takes incredible vision or luck to see 3 years down the road. Internet stocks are driving everyone crazy. You always see differences of opinions when it comes to valuations of stocks but nothing like I am seeing with the Internets.

The potential for "etail" is enormous yet there will also be massive amounts of competition. EGGS has along way to go and a lot of competition already. I will say that I have heard many good things about their service and with the competition that I would expect them to have it will be vital, so they have that going for them.

It wouldn't surprise me to see them go back to the $12 or $14 range.

Cary