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

To: Paul A who wrote (5267)7/13/1998 11:12:00 AM
From: timbur  Read Replies (2) | Respond to of 16960
 
I guess I don't get shorting. I remember someone calculating their book value to be about $12 per share a while back. If so, why would you not cover your short positions at 16?!? Barring catastrophic earnings results and outlook, the stock won't go much further down than 16!



To: Paul A who wrote (5267)7/13/1998 11:21:00 AM
From: Chip Anderson  Read Replies (1) | Respond to of 16960
 
As everyone watches today's trading, keep in mind that if we close above 18 today it will be a very good thing from a technical perspective and will attract more buying tomorrow AM. Breaking out of our 16-18 trading range on good volume will attract lots of technical traders.

Chip


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