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

To: Chip Anderson who wrote (2516)	4/23/1998 5:46:00 PM
From: SuperMan	Read Replies (1) \| Respond to of 16960

I saw the price jet up from 24 1/4 to 25 7/8 in less than 10 minutes before market close. And the volume is only around 58000.

To: Chip Anderson who wrote (2516)	4/23/1998 9:57:00 PM
From: Joe C.	Respond to of 16960

From what I've read over the last few months, it seems the people who've been long the longest are the ones that are most concerned. This is an easy trap to fall into. You get more pain from a 20% loss than you feel excitement about a 40% gain. I bought a lot more more at the close today and am now completly overweighted on this stock. I had promised myself to stop trading this stock when I bought back in at 32 and change. However, I couldn't help myself at 24 1/2 so I just went and put a lot more eggs in the one basket. Bad investment style - I know. Stock may drop some more - I know. Spring is here, summer is around the corner - and a merry 3D christmas will soon be upon us. Quake III in full 3DFX only - Santa sliding down the chiminey with a Super Shot Gun in one hand and a bag full of money in the other. I've got to get some sleep. Don't worry - be happy. Joe C.

To: Chip Anderson who wrote (2516)	4/24/1998 2:01:00 AM
From: HerbertOtto	Read Replies (2) \| Respond to of 16960

The MMs simply rallied the price at the close to bring buyers in at better prices for the Inside Sellers. After it is all over - the distribution - there will be a weak recovery rally, followed by a decline back to the 200-day ma around 20. Several years ago, the 'hot' graphics chip was from TSNG. It rose to about 22 ( 1993 ) before SIII took over the lead. TSNG is now at 2. Then SIII had its heydey and peaked at about 23 ( 1996) before the next miracle chip came along. After 2 years, SIII is now under 7. TDFX is now in its glory. And distribution is occurring just like it did in the other two. I had the good fortune in TSNG and SIII to sell as soon as the distribution appeared. TDFX may be different. But look around. Are there other up-starts out there with better graphics chips? Is INTC interested in graphics chips? TDFX will continue to be a good trading vehicle for a while - like many other high-tech companies. But don't marry it. With few exceptions, all high-tech stocks are on their way to $4. Some by way of $90. That bit of wisdom comes from an interview several years ago with Patricia Chadwick on CNBC. Good luck, Herbert

To: Chip Anderson who wrote (2516)	4/24/1998 3:12:00 AM
From: Ralph Bergmann	Read Replies (2) \| Respond to of 16960

"I also am worried that the quick rise at the end of the day is another MM trick to try and attract more market orders before the open tommorrow. " One the other hand I do not think MM's will let price decrease further than 24-25$. It is a question of time when they sold their shares. How many of those 3.5mill shares will probably sold near term? Ralph

To: Chip Anderson who wrote (2516)	4/24/1998 10:01:00 AM
From: Mike Sesan	Read Replies (1) \| Respond to of 16960

Chip, I read what you wrote about the market makers moving the price up and down throughout the day and trying to pull new buyers in. When the 3.5 million shares were put back out to the market what price do the market makers get for these shares and are all these shares from insiders wanting to unlock up holdings and what price to they get to sell at. I believe you are absolutely right in your assessment. Any other comments greatly appreciated. Mike