SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 3DFX

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Anthony Maza who wrote (2461)4/23/1998 2:33:00 PM
From: Death Sphincter  Read Replies (2) of 16960
 
anthony....it dropped 50%...from $13 to $6...........this was after it had run up from
$5....and NOTHING was wrong, we were completing wells on schedule in a development field and revenues looked good. It eventually traded back up to $25 then got crushed when oil prices tumbled. Don't forget that TDFX has just run from $14 to $35!!!!!! of course there is going to be profit taking...more than i thought, but it is being exagerated. there was profit taking after the last earnings blow out and the same cheerleaders were screaming WHAT THE HELL IS GOING ON? emotions play heavily during these moves......stand back..take a look at what you have put your money into.......do you still like it? let me ask you this: if you had sunk $100,000 cash into this as a VC, and you could sell a portion, lets say less than 50% and get your $100,000 back and still have a 50% position would you do it? and if you got into this VC because you liked what you saw would you now be thinking of increasing your position with some of your profits? I would. and I would probably sell some more down the road at a profit to free up more cash for other "potential TDFX's".

stay cool

carl
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext