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

To: Brendan2012 who wrote (2394)	4/22/1998 5:13:00 PM
From: Andrew Fenic	Respond to of 16960

I think what we saw is a squeeze in reverse. Alot of people bought in at $32 or $34 and got margin called as it plunged. Hence the sharp end-of-day drop. We should see strong institutional buying on the open; it is just too cheap now v/ the fundamentals. Also, Intel's chip is no different than other TDFX competitors who, as yet, have been ineffective. And while INTC may be a 500 lb gorilla in x86 compatible processors they are a nobody in other markets. What we saw was irrational dumping followed by a small investor panic. Kind of fun, actually :) Although I hate to lose so much money on paper.