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


To: buckeye3d who wrote (7594)9/23/1998 4:36:00 PM
From: Sun Tzu  Respond to of 16960
 
This is good news if true. The reason I'm interested in the increase in institutional coverage (besides the obvious) is that Ballard alluded to it in his interview with MF. Also, as I've said before, the problem with TDFX has not been the shorts, but the longs. I've been waiting for a time that a sell off or bad news or time or something would force a substantial change of ownership in TDFX. I think we may have reached that point. Finaly, TDFX is within a stone throw of what I'd consider a buying entry point (my entry points are slower than most people's), so I am watching carefully.

The danger here is the overall market risk. It is still a very dangerous market out there. But we may have reached a turning point. I will have a better feel for this by the end of next week, but I am a lot less bearish (on the over all market) today than I was a week ago. Anyone else wants to add to the above technical comentary?

Sun Tzu