Creative Labs (CREAF) Message Board

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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: grogger who wrote (5254)	10/31/1997 8:36:00 AM
From: Will Cunningham	Read Replies (1) of 13925

Why might CREAF possibly go down to the 21-22 area? You definitely answered this one: "except a depressed market". For all other reasons you cite such as strong earnings, momentum, Christmas coming, the stock may not see a lower range. However, this market is not to be trusted and shares do tend to be pushed around regardless of their potential. Use Compaq as an example. I mentioned to a Compaq bull friend that it could hit $60 before going forward. It was in the 70s at the time and he thought I was crazy. He lost most of his profit, but tech stocks are very nervy until the picture is clearer going forward. 21-22 might be the ultimate opportunity and it did hit 21.5 during the Monday correction. Cheers!

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