Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

+11.2%

Dec 8 12:12 PM EST

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To: relentless who wrote (7810)	1/7/1998 7:22:00 PM
From: Douglas V. Fant	Read Replies (3) of 13925

relentless, Yahoo is screwed up currently on CREAF data. Well about ten days ago I suggested that we might revisit the $17/share mark in order to test if the initial bottom that we made in December was real. Well we "bounced" off of that bottom nicely today (Indeed I was sufficiently encouraged that I placed a large order for CREAF @ $17 7/16ths in the last 1/2 hour of trading and did not get a single share! So no shares were passing at the "buy" price at that time...). CREAF is currently in a bottoming process. However for seasonal reasons due to the Japanese markets, I figure that we will "waffle" around this $17-20/share price range until we get through the Month of March..... BTW ADR stands officially for "American Depositary Receipt". Each ADR is literally a receipt and represents one share of a particular stock which is held in the vaults of the bank which issued the ADR. For overseas stocks/companies not submitting themselves to the accounting, SEC requirements of the US markets and thus not trading "officially" on US markets, it's a way of making your shares available to US investors, but essentially upon the terms of the stock market where the stock actually trades- i.e., the SES here.... Long on CREAF... Sincerely, Doug F.

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