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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: John Day who wrote (7032)12/11/1997 6:19:00 PM
From: virgil vancleave  Read Replies (3) of 13925
 
did anyone else notice that creaf paid cash for the recent aquisitions? that means no stock dilution. it is also a sign that management thinks that their stock is too undervalued to use it for purchasing. smart move by management in my opinion. and yes i am down and yes i am still long, but i am just about ready to back up the truck and start loading. the more pressure creaf comes under since it is a "forein" and in fact asian company, the better the opportunity it represents for investors. one thing for sure, the chart looks ugly and most momentum and chartists are gone by now. over 3 million shares traded today also and trading has been heavy the past few days thus a large portion of the float has exchanged hands.
also note that the whole market is tumbling with people looking for the exits everywhere. is it time to buck the panic trend here and be a contrarian and buy? i believe it is. you just have to be selective and know that management is sound and company is a leader and going to be around a long time. creative meets all these criteria and more in my opinion. it can only go to zero right? NOT, this company is doing just fine and will continue to do so. just watch!
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