David Gardner, one of the head Motley Fools, just posted the following on their board:
"We're now showing a 36% loss on our investment in this stock and yet, oddly, I am more confident today about TDFX's product, management, and future than when I bought. Does that mean we're about to double down? No, because we could be wrong. The market may know something we don't.
Listen, good businesses win over time... over a short-term period, the sentiment created by irrational events like brokerage-firm downgrades can hurt a perfectly good stock. I'll begin to complain if and when I see 3Dfx make bad business moves. Until then, I'll bide my time. The stock is already more than a point up off of its morning bottom, and I'm in for the long term, so long as the sales and profits increase.
Looking forward to the second-quarter report,
David Gardner"
Chip
P.S. Any Motley Foolers who want to post 10 or more times a day are welcome over here! ;-) |
