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

To: Frank Sheridan who wrote (5753)	7/24/1998 11:15:00 AM
From: Chip Anderson	Respond to of 16960

The stock was last at these levels on December 3rd when it briefly dipped to 13 3/4 before rising. I don't expect a quick rise this time though... coolhistory.com Chip

To: Frank Sheridan who wrote (5753)	7/24/1998 11:30:00 AM
From: Chip Anderson	Read Replies (3) \| Respond to of 16960

Jim Cramer was writing about sector leadership this morning and included this little tid-bit on the Semi sector: (http://www.thestreet.com/premium/Commentary/wrongrear/29803_7241998.html) ==== The semi group (not the equipment stocks, which are in year one of a major setback) had been trashed, bagged, sent to the landfill and had grass grow on top of it. That's how long it's been since this group has worked. Now it looks like it is turning. Why? Because yesterday, on a down-200 day, when the rockets were glaring and bombs bursting, it was the Intel flag that was still waving at 4 p.m. That's what I needed to see. Can the others be that far behind? Maybe. Intel fell first and hardest. But when you are making a new sector bet, you want to see a winner like Intel. It's big, and it is easy to buy. It has credentials. It's a four-star leader. Guess that's why I was saluting on Thursday. ======== In the context of the story, he's saying stay away from entire sectors until you see some of the leadership stocks for that sector turn around. In other words, he's saying that the street needs to see INTC's stock turn around before it will invest heavily in stocks like TDFX. Chip "Turf Builder" Anderson