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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Bob Howarth who wrote (2209)	4/17/1998 10:38:00 AM
From: Don Westermeyer	Read Replies (1) \| Respond to of 16960

I sold at $34. From Briefing: 3Dfx Interactive (TDFX) Developer of 3D media processors posted a blow out quarter, gaining $0.50 v. estimate of $0.24 and year ago loss of $0.13... Revenues up 124%... Expect traders to bid stock through key resistance at 30 on its way to 33-35 area... But before getting caught up in the euphoria over the headline figure, take note that accounts receivables rose faster than sales and that inventories skyrocketed... Red flags suggest that the best move might be to sell into gains... Stock came public at 11 last June... Key support is at 25.