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

To: Kip518 who wrote (7436)	3/26/1999 8:47:00 AM
From: Anaxagoras	Respond to of 8307

<<...when it became clear that some support was holding it at 20. >> You're quicker than me at seeing these things. It's starting to become clear that some folks don't want this to go in the 'teens, at least not too soon. It will be very interesting to see what happens when it does. I've said this before, but this stock has a habit of opening higher than it closes, visually seen on a candlestick chart by the prominence of black candles. I still think we'll see what we saw in January, as I've also said. <<...it is again time to ask where is the bullish case on EGGS?>> The strongest argument here that we keep hearing is the low PSR when compared to supposed peers. Two quick comments there; this is not a piece of "news". Everyone knows this. It's low for a reason, and you have to ask why. The only thing that will change it is performance at this point, and this should take a while, if it is to occur at all. Furthermore, I've pointed out in the past, here.... techstocks.com, and elsewhere, that historically this stock has had a low PSR, and frankly, I expect that to continue except for momentary spurts (holiday enthusiasm, perhaps, being one of them). This is still simply a gusied up retailer. To quote myself, <<Remember that at the end of the two recent years that EGGS was profitable, '95 and '93, EGGS traded at a PSR of .17 and .18, respectively, remarkably close.>> Anaxagoras

To: Kip518 who wrote (7436)	3/26/1999 8:51:00 AM
From: stratolink	Read Replies (2) \| Respond to of 8307

Kip-the pattern is that EGGS rises in one day spurts of 3-4-5, then languishes until the next announcement, event. When the NASDAQ is up as much at 60, EGGS always slumbers, since the money is going into the high-priced internet stocks. EGGS does better when NASDAQ is slightly up, or even slightly down. I'm encouraged that EGGS closed even yesterday and didn't fall a point or so. When EGGS can start to show quarterly reports of increased revenue (no longer comparing to the retail stores which phased out in early 98] it will get the kick up that COOL and ONSL get IMO. When the retail season approaches in the fall, EGGS will be a strong stock IMO.