And the Struggle at $29.50 continues...
If you watch this one IntraDay, you'll know what I mean.
I decided that I'm gonna sell half my position today, and
hold the other half through the month of May during all
those product announcements and product demo's. This way
with the money I've already made recently on this stock,
my actualy entry price for the remaining positions is
around $23 which we probably won't see unless this
upcoming earings report surprises us with product
transistion sales slowdowns and increase R&D expenses.
Before you flame me, just consider that it IS possible.
Also consider that even though we know memory shortages
have hurt the card makers, card makers may not have
taken shipment on V2 chips they can't mount on cards.
If TDFX can't ship, then they don't get paid. I can't
wait for this earnings report to answer all these doubts,
but I would agree that the Banchee release on May 3rd
will Definately lift the stock, but lift it FROM where,
we'll have to wait and see. Everyone should also look
at the charts from the last two quarterly earnings
releases and you will notice a sharp sell off a few
days AFTER earnings release. I suggest the same will
happen now, so my idea of half now and half later may
seem prudent to other investors. Good Luck. |
