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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: JerryP who wrote (12879)	3/30/1999 7:25:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 14577

Hi Jerry, Well...if you were only planning on carousing for half an hour, you probably had just as much fun reading the 10K. I haven't read it since I got called on some of the options I wrote and decided to sell the what was left instead of buying any of it back. I don't like the double top that formed when it failed to break through resistance on the last bounce. It reminds me too much of the way the chart looked about this time last year. I've also been seeing previews that talk about the beautiful images that crash a lot, which also reminds me a lot of last year. As long as it has taken me to get healthy on this one, I just don't have the heart to risk going through it again. The best lesson I learned from SIII is not every stock trading below $5 is bad. Anyone who was clever enough to load up last October made around a 600% profit within a matter of months. I've been having a great time trading stocks under $2 since January and as far as I'm concerned I may never pay more than $5 per share for anything again. I've got a ton of ECGOF and the only thing different about it and SIII last October is that they are projecting .30 for FY99. I agree there is a lot of potential for S3 if they start making the right moves. If they can get a clean release on the new Savage, get a new mobile product out the door and develop some new lines from the Intel patents, they should do just fine. I'll be real surprised to see a loss much smaller than .75 for Q1 though, and I'm not that confident the market will be as forgiving as it was last Q. It's going to have to be one hell of a conference call with some real hot news items. If Franks hot tips work out, all sorts of interesting things might happen. Good luck. Regards, Don