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Technology Stocks : 3DFX
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To: Intel Trader who wrote (4284)6/18/1998 3:14:00 PM
From: R Stevens  Read Replies (3) of 16960
 
When you look at a daily chart that includes todays action. It is quite obvious that the stock is decelerating in its sell off. Yesterday was down $3.50. Today (the day the downgrade actually hit) it is down about $2.00. If today's loss were bigger than yesterday's then we would be in real trouble. Look at some daily charts of stocks. If the next day after a big drop is smaller, the stock usually recovers from there.
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