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

To: Big Dog who wrote (6066)	1/22/1999 7:22:00 AM
From: Anaxagoras	Read Replies (1) \| Respond to of 8307

<<Was EGGS late in the day performance which brought us back to the 50 DMA meaningful?>> Well, I'm not an expert by any stretch of the imagination, but here's what I think. It's obviously better that it did this than not. However, broken support is broken support. Doesn't mean it can't come right back, of course. The 50 DMA was pierced intraday, and what's worse, even though we recovered somewhat, we still closed a teensy bit beneath it. We closed beneath the double bottom, and we closed beneath the psychologically significant whole number $20. Those are three key things. So why didn't I sell? I might today, but we had someone plunk down over $4M to buy shares in the morning, the biggest block buying we've had since I've been watching. Someone large viewed this as an opportunity. I really want to hang in there until I get the quarterly. BTW, yet more confirmation of PC demand etc- Gateway bested earnings est. last night due to strong demand. Anaxagoras