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

To: Ralph Bergmann who wrote (4112)	6/17/1998 4:26:00 PM
From: Piranha	Read Replies (1) \| Respond to of 16960

<< Just remembered a similar situation in October when we fell from around 16$ to 12$ in one day. On the next day there was an announcment that earnings would lie about double about the forecast. A drop does not necessarily mean bad news. >> Yes, I'm hoping in the future to look back on today and refer to it as "The Big Shakeout." My biggest concern right now, though, is that the price has dropped so far that even when positive news DOES some out that it'll just bring us back where we were before. Piranha

To: Ralph Bergmann who wrote (4112)	6/17/1998 4:28:00 PM
From: Chip Anderson	Read Replies (1) \| Respond to of 16960

OT - Anyone else notice how completely whacko the Yahoo message board is acting today? I don't mean the messages on the board ;-), but the board itself. It keeps backing up on me and looping when I hit "Next" and other general technical problems. The last message has fluctuated from between 5950 and 6009 three times over the past hour. Any Yahooians who are fed up with that sort of behavior are welcome over here! Chip

To: Ralph Bergmann who wrote (4112)	6/17/1998 4:38:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 16960

Ralph, this approach of blasting a small float stock a few weeks before earnings is not new.It is probably becoming a classic by now. I may be wrong ( and time will tell). However what a GOOD MM classically will do is drop the stock rather precipitously from 36 down to low 20s at the earnings announcement, the old sell on the news.Then keep it there for ~ 1 - 1 1/2 months , thus giving small investors a false sense of security that a floor has been reached and allow them to pile in. Then on a nice sunny day, ( GG, today, when market is up big time ),to further despair the hopefull for a profit new investors, dump shares to a friendly ( should I say conspiring? <GG> ) MM at lower prices . This is a particularly good ploy especially very near the earnings when people think that all danger is past. So more people get shaken out. If you look at TDFX's chart, it has now formed a nice double bottom with today's fall to ~17: techstocks.com The good thing about this is that it occurred over at least 6 weeks so we are sure that all the weak hands and margined folks are out. We'll soon start seeing a rise that will take us past 27 unto 40 by Xmas. All IMHO, TA Again, for what it's worth, I am going strictly on my 17 year old's opinion on all this: an avid gamer who has reviewed all the competition out there ( stores and the web ). He does not post often, too busy, ( just took his ACT/SATs and so maybe he will post now that he is out of school ). He hasn't sold his position ( got in at 18 and rode it all the way to 36 and down to today without selling. He is long term and very comfortable with it.