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Technology Stocks : 3DFX

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To: DJC who wrote (1362)1/29/1998 2:10:00 AM
From: Fred Mah  Read Replies (2) of 16960
 
"I'd have to advise caution on this one. Forward looking perception
is everything, regardless of current earnings. DIMD,CUBE, and
CREAF reported excellent earnings, yet their respective stock
prices are still under presure. Throw in a potential post lock up
avalanche... and we could go super beta sideways for quite some
time. "

Perhaps, but the difference is that 3DFX is highly dominant in its market which is not as true for DIMD, and CREAF (I don't known enough about CUBE). With a successful launch of the Voodoo2, I doubt the stock will slow until around 40's if that. Before the IPO I felt the stock would double within 6 months and probably hit 30 within the first year, it seems to be meeting my expectations.
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