Well, for one, the company has real value. The company has substantial cash assets, good sustainable cash flow, and is well managed. There is no risk here. I bought stock when it was at $17, its down to $15 ... Am I worried? No. I think this stock can (and will) turn around as soon as the analysts, and the media start paying more attention to it. In a way, I think hiring a PR firm is the smartest thing 3dfx could have done.
Once the market realizes that its there, it will rise so fast, you won't be able to catch it on the way up.... I'll live with being down $2-10K for a month or two, to have a stock worth $45-60 by the end of the year.
Undestanding the technical side more than the market side makes me very very frustrated with this stocks performance. Are people out there really that stupid? Why speculate on (worthless) internet stocks when you have a proven company with almost unlimited growth potential. (3d games, Stereoscopic 3d games, interactive virtual web, immersive vr...)
I did not buy this stock on margin. I will not sell this stock when it hits $40. I think that the value of this stock lies in holding it.
Now, if you want to speculate, try some Internet stocks : ) |
