Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.370

-21.3%

Oct 31 1:10 PM EST

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To: Vanni Resta who wrote (11285)	5/15/1998 1:38:00 PM
From: eddie	of 13925

CREAF continues to languish, yes but there is a reason. Consider the fact that the price has gone up from $10.00 towards the end of 1996 and reaches a high of $29.00, within 12 months, a little (or extended) exhaustion move here on the stock shouldn't be too alarming. High PE or low PE, share buy-back or not, well don't think too much of that. I think Creaf is probably establishing another new base here for the next run-up. Stochastics may be indicating an oversold here, but then the drop is not complete yet. I think if it continues "languishing" for another 7-10 days, when the ADXR indicates an exhaustion in the drop, we'll probably see a rally. If CREAF breaks convincingly above $23.00 with good volume, I think we'll have a good one this time. Want to buy now ? Why don't you guys wait a couple of days and see what happens ! Watch out of course if it have a big run-up in over just a couple of days. Anything that runs up too fast will exhaust itself eventually. Just my opinion. To: PR, will contact you again.

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