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

To: Don Westermeyer who wrote (4230)	6/18/1998 11:41:00 AM
From: Piranha	Read Replies (1) \| Respond to of 16960

<< I doubt BA Robertson Stevens cuts TDFX to hold. >> So do I. I was just making the point that if ANYONE else was to downgrade, they'd be the only one who could do so without looking even more fickle. Of course, I also didn't account for the possibility that someone could initiate with a HOLD. Don't know hold much of an effect that could have, though. Piranha

To: Don Westermeyer who wrote (4230)	6/18/1998 11:43:00 AM
From: Pierre-X	Read Replies (2) \| Respond to of 16960

Re: Good ratings You said: They issued a strong buy and a very favorable report when the stock was close to $30. Cutting to hold now without some good reasons would make them look pretty fickle. Well, they already look pretty stupid for issuing that strong buy near $30, now, don't they. Come on, Don, think like an analyst. Suppose you're the bright boy at BA-RS who's holding the TDFX bag. MONT just cut, and dumped a whole bunch of shares. There's two possibilities: A: You're in on whatever the deal is that triggered NB-M's cut, and you're also going to cut. But first you get your friends out. B: You're not in on the deal, and you're going out of your skull trying to find out if the NB-M guys know something you don't. If you find out something, anything material, you also cut. But first you get your friends out. God bless, PX