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Technology Stocks : Creative Labs (CREAF)
CREAF 0.448-12.1%Dec 17 12:59 PM EST

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To: Douglas V. Fant who wrote (5122)10/27/1997 7:42:00 PM
From: CJay  Read Replies (2) of 13925
 
Yes, Doug. I went long at 24 3/8--I see it as a temporary dip, and even if the market feels compelled to fall further for no reason at all, except to make all the doomsayers happy by finally creating a 20% CORRECTION, I think Creaf is a good place to be and I should be up soon. I just hope the rise comes in time to save my Nov 25 calls, which I held through this latest debacle. Amazing how so many events have conspired to hold CREAF at bay during boffo earnings report and latest upgrades by analysts. When these external forces desist, a stock with $5 cash and a TRAILING PE of 10 (next year PE of 7) will be hard to stop. So there are at least two contrarians here---and I will buy more if the price drops to 21 (although my calls will be fairly worthless at that point). I'll just become a long term investor again--haha.
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