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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Nov 14 9:30 AM EST

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To: Vanni Resta who wrote (10859)4/16/1998 7:25:00 PM
From: Dennis G.  Read Replies (1) of 13925
 
Vanni, TDFX started the year at 22, ran up to 27, then back down to 22. Then it went up to 29 in March and sold off to 25 until rebounding the last few days. That doesn't sound like anybody on Wall Street was expecting blow out earnings to me. And those vaunted "analysts" certainly were way off. What makes you think "the Street" really knows what CREAF is going to do?

The big boys are just absolutely risk adverse to anything hardware and are only willing to buy on known good news, which is exactly the opposite of their psychology on those insanely priced internet stocks. They are so petrified of disappointments in the hardware stocks and especially anything connected with, dare I say it, Asia. Ahhh! Run for your life!

That is why I think CREAF has continued to "languish", until now. BTW, I think tomorrow as a very good chance of being different. By all rights it should. They are the ones selling the V2 boards to the public.

Dennis
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