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Technology Stocks : 3DFX
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To: SBHX who wrote (12596)5/15/1999 9:04:00 PM
From: Obewon  Read Replies (1) of 16960
 
I forgot to mention the possibility that due to it being late on a Friday, many possible buyers were already gone for the day. Sometimes late Friday trading can do that.

On the downside, with earnings due to be released early next week there is the possibility that wind of poor earnings got out just before the close.

Finally, nothing too surprising was revealed during E3 that would indicate further upside for the company.

FWIW I am not expecting good earnings from either 3dfx or STBI next week and think that there is a good chance for a downside surprise. I think however, that reaction to earnings will be entirely dependent on the forward guidance given to analysts. There may be a quick trading opportunity between the release and the conference call but I'm not willing to risk it so I am going to be standing pat on Monday and Tuesday.

Obewon
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