I don't know saying Creative is secondary listed in Singapore
is a bias, but the bulk of shares are listed in Naz.
I don't mean to be sarcastic or rude to Saviorman but are just
pointing out that share buy-back is not going to happen as fast
as he says, here in Singapore.
I certainly don't like the way Reuters put up the news on the
earnings, and got out the big portion of my holding the morning
after. Bias or not, it's not something most of us can do about.
Because of the way Creaf reacted the few times on bad press,
I don't try to rationalise why those guys are doing it or why
Creaf are always such a target. Volatility is the word for this
stock and now I run like hell when even there is a shred of bad
news. Maybe I sounded quite arrogant in my response to Saviorman,
so I am now stating that this are what I really felt and I have no intention to belittle him or anything, so if my words touch anyone's
nerve here, I apologise.
I must also state that I am quite heavily on margin on this stock,
which is the reason I took losses and got out before the stock
reacted badly. Past few times it happened, it was hell for me.
Of course again I must state that I have made quite a few from
this stock, and that Creative is a good company and I still think
that with more quarters of consistent and good earnings, we should
see a more stable upward move of the prices rather than the volatile
nature it now has.
But with the big December price drop, I think it's uptrend has
been broken, and will probably drift for quite a while before something fantastic push it back up again.
Edd. |
