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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: Dennis G. who wrote (9732)2/13/1998 9:58:00 PM
From: Fred Fahmy  Read Replies (1) of 13925
 
Dennis,

<You know it's really amazing how we all are having a hard time explaining how CREAF could have risen to 23 3/4 when by all rights it should never have gotten this low in the first place.>

Exactly! That's my point. It's not like this run up is approaching new highs or outrageous valuations (to the contrary). Heck we are only getting back to where we were a couple great earning reports ago. The run-up is long over due and makes more sense than the drop from the mid 20's to 16. I guess it's just the explosive and sudden nature of the move that has people scratching their heads. But, when a stock is so very undervalued, it doesn't take much of a spark to ignite a fire (especially in the tech stocks).

Good luck,

FF
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