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

To: Joe C. who wrote (8479)	10/19/1998 9:41:00 PM
From: Sun Tzu	Respond to of 16960

I did a bit of calculation as to how high the stock price can go on the basis of market dynamics, if only the right catalyst (read the right kind of investor) for TDFX appears. Last I checked, the institutional ownership of TDFX was 27.4% down from ~45% and the short interest on TDFX was 2,296,585 down from ~3.1 Mil. This data is as of first and second week of September so it may have changed a bit, but not much. So of the 16M shares, about 8 are held by insiders, 4.3 by institutions, and 1 by CL, for a total of 13.3. This means there is only 2.7 million shares out there and 2.3 million of them have already been shorted. All we need is for TDFX shareholders to call their shares back, and even if half of them do so, the stock will nearly double Let me know what you think. Sun "being sued left and right" Tzu