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 : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: The Vinman who wrote (8332)	12/12/1997 6:23:00 PM
From: Adwiz	Read Replies (1) \| Respond to of 14577

Hey Vinman: I don't know if you know what you're talking about, but as someone who's long SIII at 13 5/8, you sure brightened my day with your post. Thanks for being contrary!

To: The Vinman who wrote (8332)	12/12/1997 6:36:00 PM
From: The Insider	Respond to of 14577

"...this thread is the best there is!!!" Agreed. I have never seen so many 'negative' investors. As if SIII is all alone in a universe of over analized stocks. 1998 should shape up as a very good year.

To: The Vinman who wrote (8332)	12/12/1997 7:27:00 PM
From: Ken Muller	Read Replies (2) \| Respond to of 14577

Vinman: Patience, Big guy! Patience! The $100 million dollar question is how did the "accounting errors" get by the 1996 audit? If the action was deliberate, the legal liabilities are immense. In addition to the shareholders, you'll have the bondholders involved as well (latest class action alludes to this already). Also expect "Deceptive Trade Practice" suits by some of the larger investors. It really shouldn't take too long to understand what happened. All you've got to do is have S3 turn over the invoices for the material which was counted as revenue which actually shipped into distribution. It'll be interesting to see the names of the customers printed on those invoices. There's a concrete paper trail out there. As for the "January" effect, I take it that you are a short term player. What will you do in January if S3 announces the SEC is investigating? Patience. Happy Holidays, Ken

To: The Vinman who wrote (8332)	12/13/1997 10:10:00 AM
From: Dave O.	Read Replies (2) \| Respond to of 14577

< most selling is in the 100 to 10,000 share range, THESE ARE NOT INSTITUTIONS! I have however, seen a number of 25K to 50K buys come through....can you say "Follow the smart money". > With all due respect, I've been watching S3 on Level II since it was 7ish. I can see time and sales each day and I've seen more of the larger trades going at the bid, suggesting sells. Second, institutional ownership in S3 has decreased significantly. They are selling to individual investors. Last, institutions can unload in smaller lots, selling 5-10K at a time. If you look back since the negative announcements on restating earnings it seems S3 has been dropping 1/8 here, 3/16 there, etc. If institutions are BUYING, as you suggest, then why has S3 fell under the $5 level. Simple supply and demand would imply that sellers exceed buyers. And institutions often stay away from stocks under $5. Dave