3DFX Message Board - Msg: 5028048

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Technology Stocks : 3DFX

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To: Pierre-X who wrote (4748)	6/26/1998 11:20:00 AM
From: Daniel P. Dwyer	Read Replies (2) of 16960

It seems that whenever tdfx has an uptick, a round or two of short selling takes it down. If 16 is the bottom, you may begin to see some short covering. OEM announcement for Banshee would be welcomed just about now. So would a buy back. So would better than expected earnings. Nine times out of ten it is not wise to bet against the tape. Is the one time that it makes sense. I believe it may be because of the huge increase in short selling. I do not believe that they know anything more than we do, so when they have to cover, there will be very few sellers, IMHO. Dan Dwyer

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