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Technology Stocks : 3DFX
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To: Jeff Lins who wrote (9788)12/18/1998 1:04:00 PM
From: Sun Tzu  Read Replies (2) of 16960
 
OT -- Today's action was entirely expected. Like I said a few days ago, the best of the moves are behind VISX. VISX is now a trading stock that should be ridden up and down (short and long) until it stabelizes (perhaps at lower levels). Then it is a buy. The 10 point drop today was due to FDA approval of competing company Nidek. VISX will certainly sue Nidek for breach of patent and will most likely win. But until then it will be volatile. If you recall when I discussed the difference between my trading method and day traders' like SlashNscalp (what happend to him anyway?) I mentioned that while I will be long VISX and competing product *will* be approved and the rewards I'm enjoying are related to the risks that I take. Anyway, so far I see no reason why VISX is not a buy longer term. Of course by the time the future arrives, I may have changed my opinion. Now if only I could get NOVL to move up 2 points.

Cheers,
Sun Tzu
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