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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: CJay who wrote (5239)10/30/1997 9:34:00 AM
From: Schafe  Read Replies (1) of 13925
 
CJay: I think this is what Chip Hunter sees:
1. Print out a three month chart of CREAF2. Draw a line through the tops in early June, late August and late September
3. Draw a line through the bottoms in June and late August

You will see that CREAF was trading in a reliable range between these lines until about 8 trading days ago. CREAF then fell out of its trading range to the dowside and reconfirmed the down trend on Monday. It looks like a classic start of a downtrend.

Those of us who have been following the stock are familiar with the manipulation around earnings time. If you look at a one year chart you can see what happens at earnings time. I don't blame CH for his short, but I would advise him to carefully study the one year chart. In the long run the stock recovers strongly from manipulation around earnings time.

Long and hoping to pick up more in the low 20s.

Schafe
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