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Technology Stocks : 3DFX
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To: Chip Anderson who wrote (11556)4/6/1999 7:10:00 PM
From: Sun Tzu  Read Replies (1) of 16960
 
I am going to repeat a conversation I just had with a friend of mine re TDFX. When you look at the 6 month chart (or even a 9 month one), you notice that the localized peaks are very shortlived and followed by lower bottoms. Furthermore, the stocks has spent more time in the bottoms than in the tops. This is true in every case except in March. Here we've had a relatively long and stable top, followed by a very brief trip to a higher low (in contrast to previous lower lows). We stayed at the recent low for only a week and we broke through the previous top quickly. Based on this, I think we are home free, unless the market tanks, or 3dfx makes a very bad announcement (I don't expect the latter since 3dfx never says anything substantial <g>).

Sun Tzu

P.S. Marc, LOL on your answer.
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