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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: sweetrock who wrote (7897)2/20/1997 5:08:00 AM
From: mark doubiago   of 9477
 
Your PS says it quite well. Those of us who are left know that it will only be a matter of time before S3 gets a more realistic valuation, and are sitting tight and waiting for that day. It was hard to stay positive through all the ups and downs but you have to look at the longterm picture and not the daily gyrations that can go on for months. S3 has great fundamentals and time will reward those who wait. I am surprised though, how many people sold and left (I guess they left since they no longer post). I thought that the change for the better starting in December was pretty obvious. I saw more than the hype and price gyrations and watched as the daily activity changed. The day traders left and slowly the Mutual Funds and others started buying up shares. The number of shares for sale have dried up, especially in the last few weeks, and the law of supply and demand is pushing up the price. I expect that this shakeout is a common occurence in the stock market and that those who understand it profit greatly from it and those that don't miss out on golden opportunities. Being long for the last year on S3 has been frustrating at times, but has also been an invaluable learning experience.
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