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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (312)	12/4/1997 12:20:00 PM
From: jgideon	Read Replies (1) of 118717

Yes, I follow CREAF and have been in and out of it twice this year. Both forays profitable, though I sold too soon each time (not something I worry about). CREAF is treated as a whipping boy. Despite some really good performance this year, they continue to get very little respect. Folks don't know where their revenue is going to come from in the next few years. Looks like the response to their video card expansion has been pretty negative (that's what I attribute this drop to). It's down to $20 now, for a stock with $1.88 in earnings and estimates of $2.5 and $3 going forward. I can see how shareholders must be really frustrated. Even their 5 year growth estimates are around 14%, so what's with the low multiple? Can't quite fathom the CREAF action, but if sentiment ever turns bullish, this stock should fly. However, this week has probably got folks trying to catch the falling knife. I'd be keen on trading, if we could spot the bottom and get some sense of why a rally should ensue. jg

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