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


To: Rob Cavese who wrote (8279)10/15/1998 8:27:00 PM
From: Paul A  Read Replies (1) | Respond to of 16960
 
umm I couldnt call myself a trader if I didnt have some sort of an opinion on tomorrows action so here it is:

We open flat, or up depending on the general tech sector. This report will not cause a selloff. I also think the market conditions couldnt be more ideal for the position TDFX is now in both past/future. Im not talking about this ridiculous short covering rally/interest rate cut, but more so the fact that wall street is forgiving mistakes and looking 99% at 'what will you do next quarter or next year'?

TDFX will trade in the 12-14 range. Its no longer a fun short when you have AAPL and AMD, or INTC for that matter moving 10-20 million shares a day virtually risk free if you follow the herd. TDFX reminds me now of how it was when I was positioning at $15-17 ages ago. Its alot clearer.