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

To: robnhood who wrote (2534)	4/24/1998 7:17:00 AM
From: Joe C.	Read Replies (1) \| Respond to of 16960

You give MM's very little credit. They do take positions, they do make price support decisions and they make/lose money. Look at the secondary, the stock came out with just as many new shares and the price held extremely well. No one would have noticed. Granted they're interest was providing stability for the institutions getting in. I think we'll start to see some strong support at this level given its' close to the price that the secondary was priced at. What would you have done if you knew so many lockup shares were being released and the sell volume would be much greater than the buy volume. Drop you're buy price and see how low you could go. I wish I had remembered the lockup release. I would have held off buying back in until the price came down low enough for me or the volume settled down. I made my decision to buy more at yesterday's close. At this point the down side risk is far far less than the potential upside return. Happy trading/investing. Joe C.