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Technology Stocks : Creative Labs (CREAF)
CREAF 0.448-4.6%Dec 17 12:59 PM EST

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To: Fred Fahmy who wrote (12656)11/6/1998 5:47:00 AM
From: Savoirman  Read Replies (1) of 13925
 
I think Flint has clarified too, need the Prez's John Hancock. Donch worry, it's be real quick. After three readings it's passed for all intents and purposes.

Creaf held up very well today in Singapore despite a bout of profit taking in the general market, and a major conglomerate announcing major restructuring (also admitting it had "lost its way" along the way) and losses for the year. The losses by Keppel Corp served as a reality check that things are just as shitty as they were one month ago, except that stock prices are up like 50-100% and interest rates are down because lotsa money flowed into the system. This is getting silly, money flows determine interest rates and forex rates, which then gets interpreted by the market as "fundamentals" and is then reflected in the "free" market. It's just the Asian crisis in reverse, just as unhealthy.
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