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

To: jttmab who wrote (9475)	12/9/1998 8:24:00 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 16960

Jim why are you sad that you sold at 16? Looks to me that you at least saved yourself half a point on the stock. Chances are tomorrow you can buy it back at no loss or even some profit if you are inclined to do so. One of the most important rules in stock market is to never have emotional attachments to your positions. Remember, so long as you have money, you can make tons and tons of money in the market. So you should avoid losing money first, and worry about making money later. As for myown positions, I am long Jan 12.5 and short 17.5. I also got carried away with VISX and am now holding over 200 spread contracts on it. They are all well in the money, but the lack of liquidity is forcing me to hold on to them and thus my money is tied now. They have high-way robbers as market makers in those options. I had a chance to take a look at Yahoo board after being away for so long. It seems that a lot of people are talking about options. I caution everyone about using options. They are an order of magnitude more difficult than stocks and the market is rigged against you (litterally!). When you are trading options, you are first trading the volatility and then the stock. There is no such thing as Long Term Value Investment in options. If you choose to back out of a position, you typically have to take a 15% charge on top of your losses, and if you don't back out of a bad position, then you stand to lose it all. But if you are still interested in options, use very small positions for your first 20 trades or so and analyze them carefully. A good book on the topic is Option Strategies ISBN 047111555X by Courtney Smith. Educate yourself well before diving in. THQI looks very good to me. If you plot it with Bollinger Bands and 22 Day moving average, you'll seek that it is moving in the channel between the 22DMA and the upper band of Bollinger band. This should provide you with some idea of how the stock should behave in the near term. The definitive time to load up on the stock was Nov 20, or even Dec.1? But all this is techno-talk. Fundamentals are very important as well and I don't have the time to analyze that right now. The stock is not as liquid as I'd like it to be so if a bad news comes along, it may get hit hard. STIA can be found at techstocks.com and is a public portfolio. As I said to the thread at AoI when I listed it, I was not fond of all the stocks in there. Most notably, I did not like PDG and APD (gold and chemicals are not what I'd like to own). Had I been managing it actively, I would have replaced them with DSP (13 then, 17 now) and a few others two weeks ago, when it was obvious that they're no good. Good luck, Sun Tzu P.S. Michael, what's the news from 3Dfx?