3DFX Message Board - Msg: 5750237

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Technology Stocks : 3DFX

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To: Simon Cardinale who wrote (7187)	9/15/1998 3:58:00 AM
From: Patrick Grinsell	Read Replies (1) of 16960

Simon, you read my mind... I was just going over what happened when 3dfx lost the Sega deal. There was a serious decline on almost 3 million shares. Today we have over 3 million shares short. If most of the shorts decide that tomorrow is the day to cover we could theoretically see no decline. (Not likely but possible.) Add to that the fact that aren't too many weak holders left, unlike right after the IPO, then you have the makings for a short shaft. That's where the shorts take it up the...well, you know what I mean. I expect to see serious resistance at the book value (7.5-8) level and the very real possibility of closing within a point of today's close. The bottom line is that people must sell for the stock to go down. I'm guessing white-knuckle long-term crowd is all that is left and there ain't too much blood left in the turnip. Pat

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