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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-12.1%

12:59 PM EST

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To: DRRISK who wrote (8087)	1/12/1998 1:05:00 AM
From: Douglas V. Fant	Read Replies (1) of 13925

DRRISK, Thinking the same- I moved funds from my cash account into the small cap Ultra Fund in the American Century Fund late on Friday trying to see if we get a short-term uptick in small caps generally. CREAF is about $16+ on the SES right now, about flat with its American NASDAQ close on Friday. On the Globex Futures on the CBOE the NASDAQ 100 Futures Contract is also flat right now, actually down five clicks (.05 of 1%)..... Asian Markets generally just playing "catchup" with the US markets tonight, though I've been watching the Japanese market with interest over the last week- it's showing some good resistance at the 14,800 level, which kind of surprises me. perhapos the first glimmer that things are begining to have run their course in the Asian Stock Markets...... As noted before, when the Asian Markets don't sink when new bad news is released, then it will be time to start bottom fishing the Asian markets generally. On the US Dow, we are back at our October support level now around 7560. I figure that we will "flirt" with that level for a while....... Sincerely, Doug F.

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