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Technology Stocks : 3DFX

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To: Winston Kim who wrote (1102)12/9/1997 2:43:00 AM
From: Piranha  Read Replies (1) of 16960
 
<< There should be a sell off of TDFX soon...Please up 5 pts then over 2 in two consecutive days....MO players will enter and price should drop to a reasonable level....Prices overinflated right now.. >>

All depends on your definition of "reasonable." Don't forget that the almost five point gain posted Friday came after a drop of over two points in two sessions earlier that week. Even at Monday's closing price of 21-3/16, TDFX is only 2-9/16 (about 14%) above its previous 52-week high. Considering the fact that it spent the previous three months sliding sideways and the 4Q97/1Q98 outlook, I don't think the price is overinflated at all.

Piranha
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