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Technology Stocks : Creative Labs (CREAF)
CREAF 0.370-21.3%Oct 31 1:10 PM EST

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To: CHIP HUNTER who wrote (8873)1/24/1998 1:04:00 PM
From: prakash  Read Replies (1) of 13925
 
If it's the chart, why bother giving talks about asian crisis, clinton scandals, inventory problems, etc.?

You know what you are doing? You are shorting a stock with a P/E of less than 8. Show me another tech stock trading at these levels. This stock *is* at these levels becuase people doubted if they would make the quarter, what the asian crisis is going to do to the company and what would happen going forward into the year, etc. Now that these issues have been clarified in the CC, I can't see how it can still go down.

Tell you what, cover the shorts monday morning and go long. It's ok to make mistakes once a while, but don't tell people again that this stock is headed to $8 a piece with $4 in cash.

Prakash
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