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Technology Stocks : 3DFX
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To: Mike Sesan who wrote (9563)12/13/1998 12:25:00 AM
From: Chip Anderson  Read Replies (1) of 16960
 
Re: Selling now -

Simple greed and fear. The stock is close to or slightly above the break even price for people that have been buying throughout this year. Many of those people (of which I'm one) bought when the stock was 25+ and rising like a rocket. A quick glance at the yearly price chart will show you where the fear factor comes from for "us." I also bought near the yearly low and my profits on that trade almost balance the losses on the earlier purchases. I usually re-evaluate an investment when it crosses the break-even point.

Some people are also doing normal year-end portfolio adjustment and have realized that they own more high-risk small caps than they'd like.

Personally, I'm driven more by the technology outlook than by price action (although I follow that closely also). Thus my decision to hang-on until Rampage appears. If my faith in Rampage wasn't so strong, I'd be tempted also though.

Chip
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