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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: Douglas V. Fant who wrote (7196)	12/14/1997 3:02:00 PM
From: LoneTrader	Read Replies (1) of 13925

I was just looking at the general market. I found a note I made on Oct25,97. I wrote the TXX index will hit 207, then the techs will have a significant rebound. Everyone take a look of the index. Also Nasdaq on the weekly chart, it hit the lower bollinger band. Evidence of a rebound in Techs is not coincident. If so creaf will rebound with the rest of the market. At the end of 1993, creaf rallied into the earning's annoucement on Jan20,1994. It went to almost old high. Then might be worries of Apil earnings it sold off and hit bottom when earnings for the March quater was announced. It had a huge recovery went from $10 o $24 made new highs. Right into the July earnings announcement. All we need is general market trend for creaf to rebound. I think creaf's earnings will be intact. Let's work together to find out when the trend in techs will change. This is just my opinion. What's yours? Not so optimistic by looking at 1989 data. At that time the techs never had any significant rebound. The next year the whole market sold off much worse. The techs sold off very bad before it recover. Took it a long time.

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