Creative Labs (CREAF) Message Board

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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: JP Sullivan who wrote (7740)	1/6/1998 11:42:00 PM
From: Derrick Lim Kok Fang	Read Replies (1) of 13925

Winston, I am not sure about the exact level, but the bulk of the cash hoard is in US dollars. I will have to check out the 97 annual report first. Forecast cash for 98 in my broker review is in excess of 700 million. I think that did not take into account the recent ensoniq acquisition. SGD support level will most likely be 1.75 or in the worst case, 1.80. MAS will not be quite happy with further depreciation. Singapore on the whole imports more than it exports. Ringgit will tank further to 4.50 to 1 US dollars, possibly lower. SEA currency is hell now. I will have to postpone my US trip this June unless Creaf gives me a miracle. Traditionally, Creaf movement bears no investment direction at all. It is simply too erratic. It goes up and down for no possible reason abeit some that we can accounted for. The only fowl outcry that I can offered is simply manipulation. The free float is simply too small and retail investors like us are not the main driving force behind the movement of its price. Just be patient, everybody. Good luck if you are a day trader. DErrick

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