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

To: Doug Fowler who wrote (7234)	9/15/1998 4:40:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 16960

You are right about the market cap numbers. I took a quick glance at the 8 year chart of LRCX and it looked like the all time high was $80 a share which is what I ment to say. A closer look reveals that LRCX had the all time high of ~$70 in mid 1995, which would give it the market cap of about 3 billion that you mentioned. Even so, 3 Billion and $80 a share are still a long way away from the present valuation of ~$10 a share and the market cap of ~400 million (especially given the alternative investments since 1995), so I believe my point still stands. LRCX chart demonstrates two things: The danger of holding on to cyclical high tech through thick and thin (which was my original point) and the value of respecting the trend; if you had bought LRCX two months after it had made a bottom and was on the rise, you would have missed 20%~50% gains, but you would still stand to make another 60% to 300% on its way to its localized tops. Similarly, I don't mind missing the next 20%~50% gains in TDFX (which by the way would only bring it to $11~$13 range, if it gives me better assurance that TDFX will go to 20s within a year after that. Regards, ST