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


To: Chip Anderson who wrote (7739)9/28/1998 5:59:00 PM
From: TigerPaw  Respond to of 16960
 
Oh my god! Only up 4.5% today! What's wrong!

There has been a large amount of short selling for TDFX. I believe much of this was by hedge funds. I think the Fed is now pressuring them to reduce margin requirements and so unwind their riskiest positions. This would indicate that they are buying back their short shares.
TP