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Technology Stocks : 3DFX

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To: Hal Rubel who wrote (5137)7/8/1998 2:18:00 PM
From: David Blocher  Read Replies (1) of 16960
 
I feel that TDFX is making a nice base here. Everyone is complaining about the recent slide in price, but usually a stock has to make a significant base before making another sustained rally.

There also seem to be a strong correlation between TDFX stock price and the semiconductor index (SOX.X). The SOX is also showing signs of a base and has made a decent move over the past two days.

I feel that a good earnings report will be the impetus for the next rally in TDFX. Each day that goes by without an earnings warning increases my confidence in another good quarter for this company. I suggest that everyone stay focused and hold the stock until the story changes.

One man's opinion...

DCB
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