Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

0.0%

Dec 18 4:00 PM EST

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To: CHIP HUNTER who wrote (7953)	1/8/1998 9:53:00 PM
From: prakash	Read Replies (2) of 13925

In my opinion, CREAF wants to go up. There are two things that are keeping the stock down. 1) Singapore dollor is about US$1.78, last week it was at around US$1.65. Even if CREAF hadn't fallen even a single penny in the last one week in SES, the stock would still "look" lower when you convert into US$. 2) SES has been steadily falling. It's the macro conditions that is keeping CREAF low. When every other stock in falling SES you can't expect the stock to do better. Fudamentals or technicals doesn't matter at this point. Now apply ML's advice about selling S'pore stocks. Chip, Don't know how you came to that $10 figure with your TA. CREAF may reach that point not because of Technicals, but because of these other conditions. I'm just hoping that all these ends soon. Prakash

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