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

To: Kip518 who wrote (6968)	3/8/1999 11:49:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 8307

Kip, Do you really think we will go down to 11 1/4? I put an order to buy back @ 12.00 but may change. Looks like a lot of selling. Dorine

To: Kip518 who wrote (6968)	3/8/1999 12:05:00 PM
From: Anaxagoras	Respond to of 8307

<<...EGGS is starting to look tempting as a long ...seems to me, that the entry should be about 11 1/4 (today or tomorrow). What are you thinking?>> I'm thinking this chart looks God awful ugly. Searching for things bullish, there's just a few things I can say- a part of Japanese candlestick theory holds that you should expect a reversal after 8-10 "record sessions", as they're called- with today we've had 11 consecutive or near-consecutive "record low sessions"- this together with the fact that we're actually outside the lower bollinger band (20 day) suggests there should definitely be a short term bounce today or tomorrow- good for a quickie- but again, this thing is hurting and I wouldn't think of putting in a long term buy here- for that what you said a while back about waiting until the Fall for the cycle seems right to me at this point. Other than the record session comment, there's nothing I see with candlestick indicators that looks bullish. There was a little action back in November at this level, but that's about it in terms of "long term" support. I don't plan on longing this yet. I won't mind if I miss a 10-15% pop- I've been too wrong with this to be aggressive here, but your plan is reasonable for an aggressive buy (and your recent track record). :-) BTW, we really haven't had that much volume yet. I'm not sure how I interpret that. OTOH perhaps that means that we haven't had a weak hand wash out, OTOH perhaps it represents low interest in selling at these levels. Anaxagoras