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


To: Anaxagoras who wrote (6041)1/21/1999 10:21:00 AM
From: Anaxagoras  Read Replies (2) | Respond to of 8307
 
Ummmmm, at least it's putting in a triple bottom on top of its 50 MDA. That would be super support.

Jeezus, this sector is fighting for its life at the moment. Kind of a make-or-break day, IMO.

Symbol/50 MDA/Low so far/RTQ
EGGS/19.96/20/20.06
AMZN/89.73/92.56/101.19
ONSL/43.59/42.06/43.75
EBAY/209.74/180/193.38

Only EGGS hasn't violated its 50MDA, AMZN and ONSL have penetrated but momentarily recovered, EBAY is sunk IMO with lock-up expiration tomorrow. It's a nailbiter, folks- can EGGS hold on?

Anaxagoras



To: Anaxagoras who wrote (6041)1/21/1999 10:31:00 AM
From: Anaxagoras  Respond to of 8307
 
Had I the cash, this would be a super trading opportunity, IMO. Buy at $20 where there's clearly a lot of buying pressure (I've been watching the inside spread and the size on the bid)- you have a nice clear point at which to take your loss with a real nice tight stop at $19 7/8, and big potential to the upside.

It's been pointed out that the gold bubble and the biotech bubble lasted about 100 days. The internet bubble is into its 101. Again, an important day. Watch closely.

Anaxagoras