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


To: James H. Irwin who wrote (6739)2/8/1999 4:37:00 PM
From: Scott Williams98  Read Replies (1) | Respond to of 8307
 
Much stronger close than I expected...

Anyone else catch the last 10 minutes of trading? The block sizes are pretty insignificant, but interesting nonetheless.

Saw a buy block of 10K (@18 3/4), followed by two quick separate buys of 4,500 each a few minutes later (@19). Then as expected, the slew of short sellers came in right below $19, but were offset by a bit more buying. Interestingly enough, I didn't see any block sells this time around (end of day) and noticed more volume on the short covering.

EGGS went down in tandem with the other 'nets today.

When the right time comes, EGGS has the potential to see a quick, powerful move to the upside.

Best of luck SCOTT