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: CHIP HUNTER who wrote (4735)	10/23/1997 12:29:00 AM
From: Douglas V. Fant	of 13925

CHIP HUNTER, Not a bad strategy to try to play a gap, but a 25% gap up is a big, but not a huge gap- just make sure to keep a tight buy-stop over your short, or buy a short-term call option to cover yourself over the top if CREAF takes off. In this situation I think I'd discount the technical data and focus upon the fundamental broad "across-the -board" advance in CREAF products as revealed by the earnings report. That's a pretty formidable freight train IMO to stand in front of.... Your best bet is if the turmoil in Asian Markets helps you along a little.... Personally though I preferto short a stock which is fundamnentally overvalued such as FAST, than one like CREAF which is undervalued, but just had a big "pop"... Good luck! (Another technique like you use is to short new issues about one week after they are issued...). Sincerely, Doug F.

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