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Technology Stocks : Creative Labs (CREAF)
CREAF 0.470+4.9%Jan 12 9:43 AM EST
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To: taxikid who wrote (6179)12/1/1997 8:00:00 PM
From: virgil vancleave  Read Replies (1) of 13925
 
we may see 25 by tomorrow. this one tends to gap up a lot. technically we just covered a few of those gaps. i look for 28 to 30 by christmas if the long term trend continues and unless something significant changes it should do this. i think tomorrow is the closing of hifi aquisition which from a valuation standpoint based on sales, creaf got a good bargain. and the two should fit well. with the price action today in creaf, you would think it was an oil drilling stock (now there is some pain with more to come too) instead of a computer products company who supports the likes of dell and compaq, both of which have been weak and are now looking to break out to new high ground. a little patience here and lets hope we follow. also that government showing tomorrow could spell some big potential revenues as from what i understand the military wants to make some of the newer stuff the standard. one thing for sure, you never get the "low" and if you don't buy during pullbacks or weakness, the gains are not nearly as good. this is the second go round with creaf for me. i am down today too, but may buy more instead of selling as i know from past trading that creaf will recover. hope this helps
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