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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Jan 15 4:00 PM EST

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To: Jon Tara who wrote (6993)12/11/1997 1:40:00 PM
From: Maxwell Fashola  Read Replies (4) of 13925
 
Jon & Taxi, I have level II and I have been watching creaf all morning. There is some manipulation going on. There is no MM selling any huge amount of shares and I saw that every time there is a sale of 500 shares, the MM drops the bid and this knocks out some sell stops.
From looking at Level II screen, I think 7 1/2 is the bottom and they are waiting to take this baby back up.
There is only one MM(MLCO) sitting at 7 3/4 and 2 sitting at 7 7/8 (LEHM, MSCO) waiting to sell 1000 shares each and after this, the tick will moves to 18.00. I took a position at 7 9/16.
If anybody wants to buy, the time is now or they will have to pay a higher price by 3.00 pm

Max
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