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

To: Norm Tock who wrote (6955)3/7/1999 3:00:00 AM
From: Earthdog  Respond to of 8307
 
Norm,

Consider this scenario. A week before the SPO the MM's play down the stock shaking out the weaker hands. A few days before the SPO positive news "surprises" the market and the stock starts moving up. The MM's start raising the ASK price as the momentum starts picking up as a result of short covering. When the SPO comes out the MM's really start pouring it on, boosting the price up and getting the shorts to cover and as the stock starts looking attractive to the suckers hoping for another eBay the MM's start dumping the stock. Isn't that what the markets all about? Buy low and Sell high. The MM's always get their share of the pie!

Earthdog



To: Norm Tock who wrote (6955)3/7/1999 9:40:00 AM
From: Dorine Essey  Read Replies (2) | Respond to of 8307
 
Norm,
Do you think maybe, now I said maybe DELL would be interested?
Just a thought.

I sold most of my EGGS and only held on to 100 shares. I am watching very close. I still believe in them but am concerned about the drop. According to TC2000 there is accumulating.

Dorine


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