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Technology Stocks : 3DFX
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To: fiberman who wrote (1220)1/6/1998 9:58:00 AM
From: William T. Katz  Read Replies (2) of 16960
 
Motley Fool endorsement, no matter how they have analyzed it, will really push this stock since its got such a small float. We've seen a drop off from 26 1/2 on opening to just below 23. I'd expect slower but unflappable push up from here. Iomega had relatively huge float when it was endorsed but it still skyrocketed. I'd imagine the momentum players might also like an entry here.

If you want a reminder on how high a stock can go, despite any fundamental analysis, look at both Rambus (RMBS) and Yahoo (YHOO). I couldn't even wager a guess at how high 3dfx goes, especially if they have good news at earnings to fuel momentum.

Once things settle down, I might initiate a trailing stop at well below the price to prevent getting shaken out in normal volatility. This would allow me to ride momentum up but not hopefully not down whenever that peak gets hit (30? 35? ..)

-Bill
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