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

To: Mike Sesan who wrote (9563)12/13/1998 12:25:00 AM
From: Chip Anderson  Read Replies (1) | Respond to of 16960
 
Re: Selling now -

Simple greed and fear. The stock is close to or slightly above the break even price for people that have been buying throughout this year. Many of those people (of which I'm one) bought when the stock was 25+ and rising like a rocket. A quick glance at the yearly price chart will show you where the fear factor comes from for "us." I also bought near the yearly low and my profits on that trade almost balance the losses on the earlier purchases. I usually re-evaluate an investment when it crosses the break-even point.

Some people are also doing normal year-end portfolio adjustment and have realized that they own more high-risk small caps than they'd like.

Personally, I'm driven more by the technology outlook than by price action (although I follow that closely also). Thus my decision to hang-on until Rampage appears. If my faith in Rampage wasn't so strong, I'd be tempted also though.

Chip



To: Mike Sesan who wrote (9563)12/13/1998 4:44:00 AM
From: Joseph Hoane  Respond to of 16960
 
<<Now the stock
price has been creeping up and people are getting pessimistic.>>

It's hard to fathom, isn't it? The stock price has been in an
up pattern since the all time low. Go figure.

It needs to bust 17 to continue the pattern, IMO, but it has not
failed to do this. I kind of expect the January effect to push
it over the hump. Could happen sooner or later or not, you
know? My point is that the price action gives me no cause for
alarm at this time.

Joe Hoane


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