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

To: Piranha who wrote (2469)	4/23/1998 2:06:00 PM
From: Tae Spam Kim	Respond to of 16960

Everyone should stop blaming the market makers or one another. Just look at the daily chart with volumes, the reason why it's going down is that some large holder, whether it's VCs, institutions, or mutual funds are selling their position in large blocks. It looks like we have a good bottom at $25, and after this selling subsides TDFX should resume it's course upwards. For new investors this is a gift to get in at these prices, and for old investors you should average down. For speculators that margined their house out in the mid-30's and got margined called, well you learned an important lesson. Tae Kim TJK Market Letter

To: Piranha who wrote (2469)	4/23/1998 2:55:00 PM
From: Ralph Bergmann	Respond to of 16960

Piranha I would wish you were wright and there are good news coming out soon. I remember this drop in December. I felt the earnings preannouncement to be a result of the drop and not vice versa, but maybe I am wrong. As we both bought already several month ago we have still a nice gain. I bought at 16.75$. Thinking about the reasons for the drop I came to the conclusion that the lock up shares combined with MM's activity could be the only explanation for it, since there could not be identified any major other reason in the newsgroups. Also the Intel conference is a very weak explanation for it. I have trust in this management and therefore my believe is that we will recover within a short time period. Good luck! Ralph