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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: Douglas V. Fant who wrote (9258)2/1/1998 6:19:00 AM
From: Howard  Read Replies (2) of 13925
 
Doug, I concur with your thoughts on a revised option strategy and will probably test the waters by cautiously doing the same thing. One additional concern that makes me a bit cautious on selling calls and following the same trading range expectation as most everyone else on this thread; there are a lot of investors who see and expect Creaf to continue trading in the 16-20 range. One of these days in the not-to-distant future there will be an event that will catch everyone off guard and jump the stock up, which will then feed on itself as everyone tries to get on the elevator while it is taking off and, before you know it, we will have another 4 point gain in one day.

I'd rather keep the faith in Creaf and Mr. Sim and stay camped out on the elevator before it jumps up in a newly sustained upward trend. There are a lot of new products coming down the pike, potential OEM's, potential share buy back, Asian crisis subsequently favoring Creaf, positive currency fluctuations, forthcoming upgrades from the analysts that will eventually realize that they pulled the downggrade trigger too soon using gut feeling alone and no real substance. Creaf will not let us down once the market comes to its senses and realizes the intrinsic value in Creaf. Look again at the disk drives and semiconductors over the past 2-3 trading sessisons. Good luck to all those long on Creaf and keep the faith!
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