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Harley,
It could be. I've been wrong before <G>. I did open a position
in EGGS this morning. Got half at 22.375 and the other half at
22.875. Time will tell.
Jim
-----Original Message-----
From: Harley Meyer <meyer@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, July 22, 1998 12:27 AM
Subject: Re: EGGS
>Jim,
>
>A friendly amendment. I also think that EGGS is a
>good choice but I think the timing is not all that
>good. In particular since the market environment
>isn't good and EGGS was as high as 24.25 and
>closed at 22 today. If it gaps up wait. If it gaps
>down more than a point it might be worth a buy.
>
>Even if you look at JF, which is 23.0417 for
>Wednesday. It is in a hurdle phase. The weekly JF
>for this Friday shows that EGGS must close above
>32.083 to keep the current trend. Anyway my two
>cents is your timing is a little off.
>
>Harley
>
>Jim Greening wrote:
>>
>> All,
>> I just put in an order to open a position in EGGS. I've been
>> wanting to find a good place to get back in every since I was
stopped
>> out of it. It's in the bottom half of its Short Term Up Trend
Channel
>> and looks like it's moving up from a low last Tuesday and
Wednesday.
>> Since this is a very volatile stock I'm only going in for half the
>> amount I had before. I'll set my mental stop just under the low
and
>> the STUTC at 18 3/4.
>>
>> Jim
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