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

To: Scott Williams98 who wrote (6355)	1/27/1999 5:19:00 PM
From: Sojourner Smith	Read Replies (1) \| Respond to of 8307

IMO EGGS started to improve technically towards the end of the day. The MOM (momentum) has not been able to cross up over 0 after repeated attempts all Dec. MACD has been in a downtrend for over a week. IMO near-term low might be16, and then it will hit 20 again within 2 weeks. I wouldn't be surprized if it gapped up tomorrow morning, believe it or not to 18.50. I have traded EGGS many times, and so far, I have gotten the better of it. Idealy I would like to see moving up, so this play is not ideal for near-term traders. We are definitely in the oversold zone though.

To: Scott Williams98 who wrote (6355)	1/27/1999 10:31:00 PM
From: MarkM	Respond to of 8307

$14.50? Next support appears to be $16. Moderately good since that is where it previously broke out from, and there are sessions at 16 since. Also, the low side of the 10-session Bollinger band is about 17 and heading down, (very close to 16). So I see moderate support at 16. 1 whack = goes to $16, whereas 3 or 4 market whacks = goes to $14.5. All I can say is that I'm glad I sold on Tuesday for 19+7/8. I didn't like the action when it touched 20. I sold for a loss, but didn't want a bigger loss. Will be watching. Ideal opportunity to get out today just over $19 for those who stayed in. The downward thrust is very strong. This one needs time to settle, and there's no supports between 17+5/8 and $16!