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: Jon Tara who wrote (4274)	10/18/1997 6:03:00 PM
From: Fred Fahmy	of 13925

Jon, <Targeting any particular price "by the end of 1997" is foolhardy for a long-term investor.> By and large I am a long term investor. However, even long term investors have targets they would like to see achieved by certain points in time. That is how I decide whether the stock is performing in line with my expectations. <They could have blow-out earnings and be at 18 before the end of 1997, and never make it to 30. Depends on the mood of the market.> Anything is possible. I am mre concerned with what is most probable. IMO, the probability of staying out of the 30's if the have blow-out earnings is very small regardless of what the market is doing. Look at IOM Friday. They had very good earnings and a very good outlook in their conference call and they had a great day. BTW, I do not view CREAF as a core holding which I plan on holding for years and years (like I have INTC) although you never know. It depends on how their business and market progresses. For now, however, my investment in CREAF is based on a price target (at which I think it will be fairaly valued) and not so much on time. At this time I think the current fair value of CREAF is 35. Good luck, FF

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