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: Eric Hong who wrote (5716)	7/23/1998 3:34:00 PM
From: c-horse	Read Replies (1) \| Respond to of 16960

Looks like support at 15 may be holding. chart1.bigcharts.com ps:I've added a trading position (at 16) to my long position (16 3/8) to make some reasonably quick money. c-horse

To: Eric Hong who wrote (5716)	7/23/1998 3:36:00 PM
From: Michael Linov	Read Replies (1) \| Respond to of 16960

Well, for one, the company has real value. The company has substantial cash assets, good sustainable cash flow, and is well managed. There is no risk here. I bought stock when it was at $17, its down to $15 ... Am I worried? No. I think this stock can (and will) turn around as soon as the analysts, and the media start paying more attention to it. In a way, I think hiring a PR firm is the smartest thing 3dfx could have done. Once the market realizes that its there, it will rise so fast, you won't be able to catch it on the way up.... I'll live with being down $2-10K for a month or two, to have a stock worth $45-60 by the end of the year. Undestanding the technical side more than the market side makes me very very frustrated with this stocks performance. Are people out there really that stupid? Why speculate on (worthless) internet stocks when you have a proven company with almost unlimited growth potential. (3d games, Stereoscopic 3d games, interactive virtual web, immersive vr...) I did not buy this stock on margin. I will not sell this stock when it hits $40. I think that the value of this stock lies in holding it. Now, if you want to speculate, try some Internet stocks : )

To: Eric Hong who wrote (5716)	7/23/1998 3:43:00 PM
From: Chip Anderson	Respond to of 16960

Why go thru this when you can buy the stock few months later without going thru all the grindings? Sigh. Days like today always bring out the "I-told-you-so" people. The only good news is that there are less on SI than on the other boards. Eric, care to define "a few months later" in absolute terms? You are saying that you can predict the exactly moment that this stock will zoom - or am I misreading your post? How do you reconcile that statement with your advice against picking the bottom? The people that are still long this stock believe that this sector will continue to grow over the next couple of years and that TDFX will continue to dominate this sector. Yes, right now the sector is out of favor on the street. However, longs like me believe that it will come roaring back someday. Low float, highly shorted, tech stocks like TDFX can have explosive upward movements and, if you can afford to park some money in it for a while, IMO it is better to put your money in now and wait rather than trying to time the market. This is _not_ picking the bottom, this is value investing. Chip