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

To: Anthony Maza who wrote (2461)	4/23/1998 2:00:00 PM
From: Joseph Hoane	Respond to of 16960

Relax a little bit. Look at Rambus (RMBS) starting 11/10/97. That was the first day when their 17 million shares (approximate, about 80% of the float) left lockup. The stock went from 48 to a low of 35 in three days. Same situation. Time to buy folks, not sell. I just did. :) Buy, I mean. This stock has been very strong up to now. We all know that Intel is not a competitor. I was watching all of the game companies, even looked at 3dfx at about the time that the Sega deal fell through, which scared me off. Then I realized that all of the game companies have one thing on common, if I want to invest in the computer game industry: TDFX. This is time to buy. (I did lose $1500 trying to find the right entry point yesterday and today. I didn't know about the lockup shares until I did research this morning.) Joe Hoane

To: Anthony Maza who wrote (2461)	4/23/1998 2:33:00 PM
From: Death Sphincter	Read Replies (2) \| Respond to of 16960

anthony....it dropped 50%...from $13 to $6...........this was after it had run up from $5....and NOTHING was wrong, we were completing wells on schedule in a development field and revenues looked good. It eventually traded back up to $25 then got crushed when oil prices tumbled. Don't forget that TDFX has just run from $14 to $35!!!!!! of course there is going to be profit taking...more than i thought, but it is being exagerated. there was profit taking after the last earnings blow out and the same cheerleaders were screaming WHAT THE HELL IS GOING ON? emotions play heavily during these moves......stand back..take a look at what you have put your money into.......do you still like it? let me ask you this: if you had sunk $100,000 cash into this as a VC, and you could sell a portion, lets say less than 50% and get your $100,000 back and still have a 50% position would you do it? and if you got into this VC because you liked what you saw would you now be thinking of increasing your position with some of your profits? I would. and I would probably sell some more down the road at a profit to free up more cash for other "potential TDFX's". stay cool carl