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


To: Chip Anderson who wrote (2266)4/18/1998 3:08:00 AM
From: Laptev  Read Replies (1) | Respond to of 16960
 
Regarding the weak close today: You should realize today was a beautiful Spring day in NY and I'm sure alot of money was in the Hamptons. Additionally you KNOW alot of insider's family, babysiters, friends, mailmen, etc - had their 2nd mortgages invested in TDFX going into today. They dumped at some point during the day to pay back First Bank USA's %19 cash advances.

Hello $35 at the open Monday and $38 by the end of the week. God this was obvious easy money.



To: Chip Anderson who wrote (2266)4/18/1998 4:25:00 AM
From: LghtBrgade  Read Replies (1) | Respond to of 16960
 
TDFX's debut basically came at a less than perfect time. News came out the day before options expired, and the day that it really had a chance to go up was during the option expiration date. If TDFX reported last week instead of this week I really think it would be @40 a share right now, I personally think it is heading there this upcoming week. This is not hyping a price, I think that 40 is very realistic in the very near future. THEY DOUBLED THIER EARNINGS +.01.....Right now the TA picture is hard to decipher due to big news creating a gap; however, if you look at the stochastics (which I think is a reliable technical indicator, especially in a scenario like this), it has buy written all over it. I bought TDFX today at 33 5/8 (slightly down on it right now) but I have now worries at all, by the closing Monday I am confident I will be up on this stock, as I am confident I will be up on it throughout the entire week and beyond.

I watched TDFX all day today and witnessed how some sold off late in the trading session, I really think that these people who sold just may regret selling this stock very soon.



To: Chip Anderson who wrote (2266)4/19/1998 2:28:00 PM
From: AJ Berger  Read Replies (2) | Respond to of 16960
 
Hold till after May 3rd Banchee release

I'm betting we'll touch $45 by then, and this will probably be the best time to sell, just after the new chip is announced. After that, between dilution, increased taxes, thinning margins, and competition, TDFX will be in for a rough ride next quarter from it's recent spectacular performance. If you look at the Chart, the stock always weakens prior to earnings release, but I would not be disturbed if that does not happen this time, as the earnings were a much more solid surprise than they were last quarter, so I'm not selling in the hopes of getting shares cheaper by May 3rd, if anything, I may double my holdings before then on weakness. Good Luck.