Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Life Coach who wrote (6128)	1/25/1999 9:20:00 PM
From: James H. Irwin	Respond to of 8307

I appreciate the hard work everyone is putting in here trying to guestimate tomorrow's quarterly release.... I might also add that with companies in a turnaround or new era stage it is very difficult to gauge revs let alone how the income statement is structured to even wildly guess what EPS losses will be without (and even many times with) company guidance. Having spent many years in the Institutional Brokerage game/community I can tell you first hand its a crap shoot what the bottom line number will be (other than a loss). On the other hand if we see a healthy increase in the Dec quarters revs compared to the Q3 report we should all be happy. On another aside...I can't quite figure out who is doing all the selling. After witnessing the Dec jump in short interest I am thinking that maybe more are betting on a stock price decline, whether its to hedge DOT options or what...the thing that gets me is somebody always knows what the number actually is (give or take) but in this case I have canvassed my old customers and nobody has a number out there...even the ones who hold the stock...making a macro play...don't have an idea what to expect other than a strong consecutive increase. And its very difficult to get any info from the company, even though I'm sure they are in a self-imposed "uiet period." As for UBID, I saw briefly the company spokesman on CNBC...didn't get a chance to here what he had to say or what the stock was doing in instinet...however futures are up nicely by about 4 points as of the time of this writing cme.com so I dare finish by repeating what I posted a few days ago... If the difficulty in procurement of surplus/refurbed mdse by ONSL is due to long relationships by EGGS we should be looking very sunny on Wednesday morning...as I mentioned today in my office to another "I predict pain...just wish I knew for whom!" :^))

To: Life Coach who wrote (6128)	1/25/1999 9:33:00 PM
From: Jan Robert Wolansky	Read Replies (2) \| Respond to of 8307

I'd be interested in hearing from those on the thread with a technical analysis orientation. For what it's worth (and I've been wrong before), I see a number of signs for a possible big move up this week: 1. Overall market seems to be currently gearing up for a rally which could test previous highs, providing positive support/momentum 2. Since Nov 3, On Balance Volume has been above its 40 day simple moving average without exception 3. Despite recent weakness, EGGS has closed above its 50 day exponential moving average during this entire period (currently slightly below 50 day simple average of 20.34) 4. StochRSI's of 8/5/5, 13/13/13, 34/34/13 and 21/21/13 time periods are all sharply below 30 (which is where they should be before a big move up) 5. a volatility indicator that I use with AIQ is currently very low, which is quite common before a big move up (or down) 6. weekly chart is healthy, with close consistently above the 10 week exponential moving average since November; a 21 week On Balance Volume indicator that I use with AIQ is currently at the highest point it's been since July 1998 7. Select internets starting to come alive: YHOO up 26, AOL up 5 today 8. Point and Figure: negative action last week, breaking below 21, but currently back in the x column Jan