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To: Chip Anderson who wrote (4152)6/18/1998 12:15:00 AM
From: andrew r. chung  Read Replies (1) | Respond to of 16960
 
Chip,

This just in from Zacks daily profile email. See below:

TDFX: FAHNESTOCK made new estimate for fiscal year ending
12/98 of $2.04 on 06/15/98
TDFX: FAHNESTOCK made new estimate for fiscal year ending
12/99 of $2.03 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 03/99 of
$0.49 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 06/98 of
$0.53 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 06/99 of
$0.50 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 09/98 of
$0.50 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 09/99 of
$0.51 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 12/98 of
$0.51 on 06/15/98
TDFX: FAHNESTOCK made new estimate for quarter ending 12/99 of
$0.53 on 06/15/98

Andy



To: Chip Anderson who wrote (4152)6/18/1998 12:52:00 AM
From: Mike Sesan  Read Replies (1) | Respond to of 16960
 
Chip,

The chart looks good. The PVT is relatively flat which gives us no specific direction as to what the price will do. What else have you placed on the same graph with the PVT?

I agree we must stay above or at 18. If we close below it could be a concern. I could accept a slip to 17 early and then a rebound to 18 or above which would then generate the Stochastic buy which will pull the momentum players. The R-squared value is showing no strong trend. Chande's Momentum indicator as it correlates with Stochastics is reaching the oversold level which will help us. With all these indicators and hopefully still a large number of short shares we can move upward.

The deciding factors will be tomorrow as the price movements are determined. I am long and would like to remain that way with all the announcements coming forward. We have got to close at or above 18.