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Article #93549Re: "3DFX STOCK mistake made by Wall Street Journal!!...."
From: Jon Appleby
Date: Sat, 28 Jun 1997 00:00
Date: Sat, 28 Jun 1997 00:00
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David P. Howard wrote: > > > As for technology stock it is almost all hype anyway. The people that > will make money on 3DFX are the ones that bought it at the open and got > out the same day (whistles inocently and twiddles his thumbs). The > other most profitable approach is to wait for the profit taking after > their first split and then sit on it for 18 months. As for buying right > now, short term it will be an almost total a loss, long term a good > chance of profitability. In the same time I'll go out and make 8 > percent a day. :P > > -David P. Howard I must say that I don't understand your logic here. You expect the stock to split, at which point you recommend holding the stock for 18 months. If this stock is to split, it must rise at least to the 35-40 range, no? And if this is the case, wouldn't this stock be a decent buy? I certainly don't understand how you see this stock both splitting and being a short term loss, unless you're a day-player and talking about making a 10% gain every trading day playing The Hot Stock O' The Day. But if that's the case, why recommend holding TDFX for 18 months after the (foreseen) split?
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From: Jon Appleby <nos...@for.me!> Subject: Re: "3DFX STOCK mistake made by Wall Street Journal!!...." Date: 1997/06/28 Message-ID: <33b4aa60.0@oit.umass.edu> X-Deja-AN: 253133903 References: <33b3c0d9.539639@news.tiac.net> <33b6e617.940686@news.mindspring.com> <01bc833d$28bdc3a0$288ec7cd@harryg> <33b739dc.2308743@news.mindspring.com> <3404F554.A7D@texoma.net> X-Priority: 3 (Normal) Organization: University of Massachusetts, Amherst Newsgroups: comp.sys.ibm.pc.games.sports,comp.sys.ibm.pc.hardware.video,comp.sys.ibm.pc.hardware.chips,alt.games.quake,alt.games.descent,alt.games.mechwarrior2,comp.sys.ibm.pc.games.action,comp.sys.ibm.pc.games.strategic,rec.arts.comics.misc,3dfx.games.glquake MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit