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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Nov 28 9:30 AM EST

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To: Jon Tara who wrote (9373)2/5/1998 10:27:00 AM
From: Savoirman   of 13925
 
The whole market jumped in Singapore, STI up 4.7%. Small-cap techs did very well, some up 20%, but biggies like Creaf were little changed. The market is likely to get bashed down tomorrow as a major property company here was revealed to have difficulty paying up for land tendered from the government. It's asked for, and obtained, a two-month extension. Property stocks (they are big here) will probably lose much of their recent gains. I still believe the market will soon learn that techs are the only way to go for the next 18 months. So Creaf could very well jump tomorrow, after having been static on relatively large volume here for a few days (and a big rise on Nasdaq tonight, fingers crossed, won't hurt).
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