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

To: John Finley who wrote (10056)	1/8/1999 1:45:00 AM
From: UCLAlumnus	Respond to of 16960

Happy New Year everyone! Its been a while. Hi, Sun - nice to see you around still. As everything else in and not in my portfolio screams to new highs, the dreg of the NASDAQ continues to loiter at the low double digits. Will this vagrant ever move off the street corner of 10-13? Hopefully move uptown? For those of you optimists out there, when do you think we'll see some upward movement? Hope everyone has a successful '99.

To: John Finley who wrote (10056)	1/8/1999 1:46:00 AM
From: Patrick Grinsell	Read Replies (3) \| Respond to of 16960

Oh how depressing... Seems like everybody is making money but me. I don't mind being wrong about 3dfx if the company falls on it's face and is a fundamental dog. My issue is that it has fundamentally outperformed 95% of these internet stocks and yet no price appreciation has been bestowed upon me. Sine the IPO revenues have increased 10 fold and the price is still flat. In contrast, during the same time Amazon's price has increased 100 fold with mounting losses and more online bookstores jumping on the scene than fleas on a dog's ass. I wish I could find some reasoning to buy these internet stocks, but by any valuation method (even growth methods), I can't justify it. Here's a question for all of us. Assuming 3dfx is as good as we think it is, are we just beating a dead horse or sticking with a good value play? Sometimes it's hard to tell the difference. Pat