SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 3DFX

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chip Anderson who wrote (9157)11/21/1998 8:18:00 PM
From: Joseph Hoane  Read Replies (1) of 16960
 
trading and a couple of reminisces.

re << I found myself blasting people while running around on a moving,
open air, underground train>>

The red-rover mod for Q2 has a level which acts like that, a sort
of moving beltway. I thought it was really cool.

re: somebody posted that they thought the atmosphere in Half Life
was excellent and then commented about Doom. I thought the most
utterly frightening game experience that I ever had was the
old aliens-tc mod for the original Doom. You're crawling around
in the dark with very few resources and these nasty black aliens
moving around and then you hear one of the really bad guys. I
had taken the advice in the read-me and had turned out all the
lights. Wow. The second most frightening thing I experienced was
in Doom II. About the fifth level where you meet the first spider
droid. You are in this room with pillars and you cannot see
very far. Then you move forward and you start hearing this noise.
I was spinning, weaving and shaking in panic trying to find out
what the noise was.

Waiting for a wicked3d banshee for my K6-233 system. I actually
wanted it for the 16MB in 2d.

OK, trading. I was watching very closely all day Friday, trying
to find a place to average down. In short, I didn't find one.

Somebody dumped 50K shares early on. Then there formed a wall
at 13 1/2 of offers from a dealer/broker. This lasted all day
and eventally lowered to 13 3/8. At some point somebody bought
about 50k shares and didn't move the wall. I saw the share count
go from 400k to 600k where small trades kept stepping up and
buying from the wall, but it never bugded. So I conclude that
somebody sold 100 to 200k shares on Friday.

One explanation is that somebody did some major profit taking.
Another, more sanguine scenario for the longs is that somebody
was keeping the price down for option expiration.
My question is this: How likely is it that this was an options
expiration ploy? Does this seem like a reasonable explanation?
Likely? I guess well know for sure if this seller is gone
Monday.

I didn't ever buy because I was waiting for that supply to dry up.
It never did. I may regret not buying. We'll see.

Joe Hoane
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext