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

To: UCLAlumnus who wrote (5705)	7/23/1998 1:27:00 PM
From: Laptev	Respond to of 16960

Well guys... the NASDAQ _is_ down 23 points... As long as we don't drop 3 points at a time... I'm happy. Also, margin calls from last week are probably finally hitting.

To: UCLAlumnus who wrote (5705)	7/23/1998 1:51:00 PM
From: cba	Read Replies (2) \| Respond to of 16960

In all fairness, if the price were $25/share, I would be here to tell you how wrong you were when you predicted a significant fall in the stock price after the earnings announcement. As it stands, it appears that I was wrong. TDFX is an interesting company in a new and growing market. While they have established some credibility, they are a company that is valued not on earnings or p/e. Rather, this is a trading stock. For the long term investor, buy MSFT, LU, CSCO, and DIS. For a trader, there is some money to be made with TDFX. I am not a trader. I don't have the time or patience to make money on an unpredictable stock like this. So, I have sold my position in favor of DIS stcok. In 30 years, I am quite confident that DIS will still be around. As for TDFX, I don't know... Good luck to all longs (and shorts). But, don't buy this one for your childrens education fund.