I'm railing at no one in particular, but I really need to vent, and the stock market is an inanimate thing, so here goes:
1) how can this stock drop like this after such incredible earnings? Even if there are another 20% of new shares flowing in, these earnings were not a one-time blip. 3DFX is a solid, if somewhat new, company. They have still more surprises coming, and their products aren't vaporware, like Intel's.
2) which brings me to Intel. Who cares about their vaporware plans for sometime in the indefinite future? Their products are "good enough" (must be the company motto), and they're sure not going to displace 3DFX's stuff. This is just a preemptive strike by Intel trying to keep their name at the top of everybody's list, and all the cretinish, sub-100 IQ investors out there believe them.
But then who am I to cast aspersions at the hoi polloi when I'm the fool losing money? Geez, in the last several days the internet-related frenzy (K-TEL, 7th Level or whatever) has been jaw-dropping, and, IMHO, downright stupid. Here's a company with real products jumping off the shelves, and it's brought me down to a margin call. I'm really bent. Yeah, yeah, I know I'm preaching to the choir here, but when's everyone else going to wake up?
Wotta crappy day....
-Bob Rust, mired in a web of shortsightedness and stupidity |
