Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Daniel P. Dwyer who wrote (13293)	6/15/1999 1:58:00 PM
From: Patrick Grinsell	Read Replies (1) \| Respond to of 16960

Uh oh... I think I found the culprit for the recent downtrend in the stock. The answer is Gilder Gagnon Howe & Co. LLC. They are a hedge fund that has just registered a whopping 16% (May 31) of outstanding stock in the company. I suspect they are also short the same number of shares, giving them the ability to drop the stock regardless of the downtick rules and wreak havoc with the stock. I say this because these people specialize in shorting stocks and the downtrend started immediately after their registration. The only other reason I see them owning so many shares is because they believe 3dfx is a takeover target. Pat P.S. The April 12th filing by them shows ownership of 7%.