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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Dec 5 9:30 AM EST

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To: grogger who wrote (8922)1/26/1998 12:18:00 AM
From: David Wise  Read Replies (2) of 13925
 
Hey, Rob, keep this quiet! You're exactly right about the market expecting this Singapore based company to miss estimates by far. Why else would they have dipped to a P/E of under 7, and still be at, what, 8 or 9? I don't want to hype the stock. I want to pick some up gradually, hoping the confusion will keep the price steady for awhile. Big institutional investors usually wait a day or two (or more) because they need large volumes. At this bargain price, I expect them not to wait too long. Right now I have no position, having sold my calls Friday (too nervous). I plan to pick some up right away, then if it dips, I'll add. So please don't tell these shorters this kind of sane reasoning, yet!
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