To: klinetime who wrote (7385 ) 3/23/1999 8:18:00 PM From: stratolink Read Replies (1) | Respond to
EGGS Analysis from a sizable long player. EGGS is a real mover which can have long term growth and is not just a day player, IMO. Have been following EGGS intensively for over 2 months since I went long on Jan.19th at prior low range of 23 and then bought more at 20.5, the next support level. Waited two months, made a good profit on the 20.5 last Friday AM by 932AM by selling at 22 and 7/8. Waiting for the jump to 26 for my block at 23. IMO, unlike ONSL, COOL and other copycat on-line computer retailers, EGGS has solid marketing tie ins, visibility as per ZDTV, name recognition, will be the best and largest in the field. Most of all, its price to revenue ratio is far below ONSL, COOL, and this true value should result in ultimate share increases IMO. Volume of EGGS has been huge over the past two weeks. If the stock does not drop down too much following the last of the three underwriter buy recommendations, it shows good support. If Wednesday is a moderate up day on NASDAQ, EGGS should increase somewhat in the open. My studies show that EGGS does better when NASDAQ is moderately up, say 5-10-15 points, than when NASDAQ is up 40-50-60 when all the money is flowing into the usual YHOO, AMZN, EBAY, etc. Sometimes, like today, EGGS does even better when NASDAQ is down, so that when Internet traders are dumping YHOO, AMZN, EBAY they put the money into EGGS as the reliable smaller cap target. And they should-Most Internet indexes & trackers group EGGS along with the big boys. It is really COOL and ONSL that have one day jumps, followed immediately the next day by big drops and low volume for two weeks thereafter. BAMM has two hours jumps followed by two weeks of falling prices and low volume (you can only catch the BAMM jump with limit orders). EGGS has been the hottest of this group of Internet stock trading in the 15 to 25 range over the past two weeks, IMO. Lets go EGGS!
