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Technology Stocks : Creative Labs (CREAF)
CREAF 0.448-12.1%12:59 PM EST

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To: far east who wrote (7623)1/1/1998 8:57:00 PM
From: Derrick Lim Kok Fang   of 13925
 
Dear Far East,

The price target (50+) U had set is unrealistic at the current momemt. For the past one year (1997), everybody in this tread had been bombarded by realistic price expectation that just didn't materialise. I do agree that Creaf price is dirt cheap, but until wallstreet can preceive the company as a growing stock and not solely an Asean one product company, the stock price will always be undervalued.

My expectation is lower, about 40+. A slow increment in its value is much more appreciative than sudden momentary up & down. This is better for those long in Creaf. Just a few weeks ago, with the sudden plunge in Creaf price, I was fanatically trying to hedge myself from margin calls. I did miss the oppurtunity to pick up any cheap shares.

Derrick
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