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

To: Raven McCloud who wrote (6786)	2/10/1999 11:29:00 PM
From: Scott Williams98	Read Replies (1) \| Respond to of 8307

EGGS looked stronger today compared with it's peers... CDNW, COOL, ONSL(considering shorting tomorrow...see chart!), BYND, etc... all down much lower than EGGS at the end of the day. Interesting to note that many i-net's are sitting at their 50 dma's. IMO, we'll see most bounce off that and begin to recover (see the above mentioned stocks). If they break down through that support, you can call me short, too. I get the feeling that the selling in EGGS is tapering off a tad and I suspect some short covering as well. We're almost at that 20% correction I talked about. Watch for true support around $15...we may not get that low though. I'd sure like to know when the SPO is scheduled. If/when it is completed, I'll be looking for that much needed coverage. Of course, "coverage" is a moot point, really, if these i-net's continue to sell off. IMO, it's just a correction. We'll see. Best of luck SCOTT

To: Raven McCloud who wrote (6786)	2/10/1999 11:54:00 PM
From: klinetime	Read Replies (1) \| Respond to of 8307

Don't get your feathers shot off. I think the max you can make on being short is another 1 3/4. Hell, go trade seek with me you can make that in ten minutes. Consolidation is in play in this industry, and it is dangerous to short this one. I am not saying eggs will be bought now, but I believe the stock will be on the rise one way or another. If you do get lucky and it goes to the 15 1/4 to 15 1/2 area I would cover and double up long. Major support there. By the way I added more shares in that area and am very happy. Good luck, Kline