Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Piranha who wrote (5107)	7/7/1998 4:27:00 PM
From: Greg S.	Read Replies (1) \| Respond to of 16960

Here's something to lift your spirits .. Excite 96 1/4 -10 3/4 -10.05% Yahoo 191 -8 1/4 -4.14% Amazon 121 5/8 -17 7/8 -12.81% Lycos 85 -14 9/16 -14.63% Today is not the day to be jealous of those internet bandwagoneers. Of course, by tomorrow the prices will probably be doubled again. At this point even the smallest victory - in any form - is a godsend. I think you're right about the support level, but prepare for a wild ride on the 15th and 16th. Until then I'm not counting on this stock to do much, especially if they keep as stone silent as they have been for the past few months. -G

To: Piranha who wrote (5107)	7/7/1998 10:25:00 PM
From: Kevin M. Reilly	Read Replies (1) \| Respond to of 16960

What you most probably saw was the MM dropping the price on a block seller. If a block to be sold is offered to the MM he will typically try to find a buyer for the block so he can flip it for the spread or he will bid below the market if the seller is motivated or the block is constrained by liquidity. In the second case the MM will then sit on the offer doling out pieces of the block he just bought. It is usually not a good sign for a stock if the MM is forced to piecemeal the stock as seems evident for TDFX. From the time & sales data I have seen it is very rare that a block is flipped. This may indicate a lack of institutional interest. P.S> I do not think stop-limit orders exist for NASDAQ names. Does anyone know for sure?