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


To: Ralph Bergmann who wrote (4161)6/18/1998 8:10:00 AM
From: Intel Trader  Read Replies (1) | Respond to of 16960
 
Ok. I'm going to chime in here. The most important thing in determining a stock's value is its expected earnings. TDFX has had a very limited (although stellar) history so far.

Sometimes a large shareholder gets spooked and wants to get out of a stock, and does so all at once, or in relatively small trades at a time.

The facts are that tdfx sustained a huge volume day, and twice tested its low near low 17s, only to rally. The stock closed above its low, again with strong support that rallied it from the low 17s.

At this time, in my opinion, no news is good news, and the earnings to be announced on July 15, 1998 should be in line.

Fahnstock fwiw, reiterated their buy (Bloomberg this morning).

Happy trading,

it



To: Ralph Bergmann who wrote (4161)6/18/1998 12:39:00 PM
From: Hal Rubel  Respond to of 16960
 
What Will Happen Next

RE: " Very good quote: "When the markets go crazy, we want to believe that somebody knows what is going to happen next. But nobody does..." Getting Going" by Jonathan Clements - Wall Street Journal 6/16/98."

Next there will be margin calls.

Hal

PS: RE: "NO doubt , TDFX is the Chicago Bulls of graphics...but the race continues... " As posted by Jason Rome.

I'm in to stay. There has been no bad news. There haven't even been rumors of bad news. So, here's another good quote:

"The race does not always go to the strongest or the most fleet of foot, but that's how you bet 'em." Unknown.

HR