Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-4.6%

Dec 17 12:59 PM EST

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To: Fred Fahmy who wrote (13021)	12/6/1998 12:13:00 PM
From: Brian Lempel	of 13925

Fred, I have to disagree on your previous post. I think that it becomes obvious why they are letting it pause at $17 just by looking at the price action. There is no doubt a lot of selling pressure on the stock at this point. Although I don't really see the point of selling at such low levels, there are obviously a lot of people doing so. So what we have at $17 is more sellers than buyers. If CREAF had run the stock up to say $22 and then hit the quiet period, we probably would have seen a lot more selling, and the stock would tank without CREAF's support. So I am guessing that CREAF is letting it sit here for a while until the selling abates. Once balance is achieved, we will once again start to move up, probably more slowly than our move from $14 to $18. My only problem is that I think CREAF could have just as easily maintained a price of $19 or $20 while waiting for the above to take place. However, if this has been their strategy, then I'm sure they have researched it to death and know the highest floor they can defend without running out of buying power. I think that this has been talked to death, and now we just have to sit back and see what they did. Brian

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