Guys, we are spooking ourselves.
RE: " 16 1/4 and no buyers to stop the slide!!!"
Opinion:
The reason the shares are down is that margin calls from four business days ago are due. That's it, pure and simple.
In fact there are buyers -Us. We are the only one's that know about the growth and earnings possibilities at TDFX. I think that too many of us have made ourselves vulnerable by overindulging in a good thing. (I know I have). Hence, the dearth of available buyers. Shares are being unloaded amongst ourselves from weaker to stronger hands, (as if that's any consolation).
At this point, the price can drift aimlessly in any direction until earnings are released, at which point, the greater investment community will re-evaluate the firm and industry. Investors are likely to conclude that if we can make substantial profits, then so could S3 and nVida. I think numerous investors will see TDFX to be a prime player in a growing industry. In the mean time, I will hold on to as many shares as possible.
Also, along these same lines, think about this: Following a significant increase in earnings and market share, the conference call itself, no mater how conservative, will be widely quoted due to a lack of independent perspective on the part of the financial community. They won't even know what questions to ask. Could the conference call be anything other than positive? No one in the industry could possibly demonstrate better immediate forward looking prospects than TDFX.
We are not down today because anything fundamental has changed. The world is not flocking to some better mouse-trap. (If that were so, SIII shares, for example would be way up today, not down.)
Our Very Worst Case Scenario: We are all of us in on a good thing, just a bit early.
Cheer Up. At 10+ times earnings of $3.00/share, this is a $30+ stock. The market is out there.
Hal
PS: Current Market's Morale Program for TDFX Shareholders:
"The Floggings will Continue Until Morale Improves." ; -) |
