Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

+11.2%

Dec 8 12:12 PM EST

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To: Eric J. Beyer who wrote (9069)	1/27/1998 10:37:00 AM
From: taxikid	Read Replies (3) of 13925

i don't see this as a safe short.. cien , wdry,rmbs and avnt were technical and fundamentally extended.. made more money short than long this year,, i don't expect creaf to be pushed down into oversold territory.. i would say that BOTTOm resistance is 14 7/8 and as this stock usually trades near such resistance points, breaks them by a 1/4 {on a less than 1000 share trade or small combo of trades= <1000}~ i see this as an unsafe short.. i made no bones about selling into earnings.. but i prefer shorting weaker companies.. if they did announce a freak buyback..or something of the sort..{which strong companies can do} this stock would be the = to nuclear fission in your "shorts".. i am not saying this will happen.. but the potential is there.. the same way i would not swim in montauk with a large bleeding gash on my leg..

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