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Technology Stocks : 3DFX

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To: Patrick Grinsell who wrote (10058)1/9/1999 12:49:00 PM
From: Stuart C Hall   of 16960
 
I wish I could find some reasoning to buy these internet stocks, but by any valuation method (even growth methods), I can't justify it.

Patrick, throw the methods out the window. The Internets don't obey rules and they are here to stay. What have you lost on paper in TDFX? I suggest you take the same amount, or even half, and put it into an Internut. If you lose it all it's just another TDFX, if you get a 10 bagger I'll take 15%. ;-)

Also check this out: pathfinder.com

However, AMZN was up 30 intrady on Friday but closed only up 1. That may signal a huge correction next week. Buying opportunities. I think YHOO announces earnings on Tuesday.

TDFX is a mystery to me. I'm still holding as I don't have another pick (and I'm at a huge loss) but if next week shakes out like I expect it to I may have to dump TDFX with my losses in favor of some bargains.

Regards,
Stuart
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