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: DRRISK who wrote (8121)	1/12/1998 6:57:00 PM
From: Douglas V. Fant	Read Replies (1) of 13925

DRRISK, I like RGBK in regional banks- have owned it for years. I actually agree with Biggs because of what I posted previously about the traditional year-end selling of shares by Japanese corporations for balance sheet beautification purposes through the month of March. This end-of-fiscal-year window dressing selling should pressure Asian markets to the downside through March. A little more downside to go in both US and Asia. On CREAF I suggest selling the near to the money call options month-to-month in order to reduce your risk as you await an upturn, or if your a risk taker sell an April 17.5 call on your CREAF for a fat premium and see if the stock shoots past $19.625/share before the second quarter... While not perfect protection it is cheaper than buying puts currently. But DRRISK, I have to admit that I am impressed by the Japanese Market's resilience at the 14,800 level. I did not expect the market to stick at that level but to drift downward more toward 14,000. And the Dow today bounced off of its 7560 support level on the upside once again. The "Bear" is still stalking its prey, but I believe that we are closer to the end of a down cycle now than to the beginning... And I still believe (barring really stock-related bad economic news) that CREAF's absolute bottom is around $14.50. Most tech stocks tok a 45-55% drop in price in this correction. So from $29/share, a 50% correction in CREAF would put CREAF in the $14.50 range.... That would be a buy even if CREAF's earnings projections were cut in 1/2..... Well ball back "across the net" (no puns intended!) to Asian Stock Markets- your turn now! Sincerely, Doug F.

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