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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (10936)1/28/1998 12:53:00 PM
From: Trader X  Read Replies (1) of 17305
 
3DFX INTERACTIVE (Nasdaq:TDFX - news) Up 3 7/8 to 26 1/4...

Posts $0.15 4Q EPS vs. $0.36 loss on sharp revenue rise... CIBC
Opco raises estimates.

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-Beat estimates by almost 100%
-Next year's earnings being revised up from $.54

this stock opened at the high this morning and is trading 1/2 lower now. Gapped up 4 points. I'd look for some back and fill over the next few days toward 23-24 before the next spike upward. My target estimate in early Dec. of $30 should be made by ~mid Feb.
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