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: larry craye who wrote (5418)	7/15/1998 8:14:00 PM
From: Laptev	Respond to of 16960

I believe that the big money that wants into TDFX expect that lots of small timer whip-lash folks will be willing to sell into tomorrow's strength hoping to buy back in at lower prices after the "inevitable" correction like last quarter (ie. less than $20/share) In any case, the sellers will be burned this time. There is so so much less risk right now after the skilled guidance by mgmnt - that your shares for sale will be snapped up for safe long-term keeping. Just as it was "obvious" TDFX would go to $50 after last Qs earnings, it is "obvious" TDFX will drop back to $20 after this Qs great earnings. Management has shown they can guide much better and I would not doubt they have held back lots of earnings for next Quarter. Also, excitement will mount for Q3 as this will have most of the Xmas chip sales in it. In addition, shorts might not bid TDFX up, but they will be buying back on any weakness and providing support. I expect an open at $23 1/4, run up to $25, drop back down slightly below the open and a finish over $25. REMEMBER: just like last quarter, the big money will do the opposite than what is expected! Based on newly available information we deserve it and should be at $50 before earnings come out next quarter. Good luck and if you stuck it out this long, don't get burned now that the facts are known!!