Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

0.0%

Dec 18 4:00 PM EST

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To: BZOOKA who wrote (12891)	11/23/1998 7:17:00 PM
From: Gopher Broke	Read Replies (1) of 13925

So near but... don't we have to break through some resistance first? Does TA have anything to say, or were all bets off when the rules changed due to the buyback? Seems to me there were probably a lot of people who bought on the way down, averaging their Creaf holding to around the $15-18 level. Dividend or not, they will be looking to sell some about now to redress the imbalance that resulted from them overloading on Creaf when averaging down. Interesting to see whether Creaf continues with their current strategy (buy the stock up 3/4 in the first couple of hours and then support it at that level for the rest of the day?), or whether they let the price dip for a day to shake the loose leaves out of the trees. Seems like the price is ramping up too smoothly at the moment for Creaf to be getting the best price. On the other hand, perhaps their objective is simply to push up the share price for the minimum cash outlay, in which case we may see strong buying from Creaf at any resistance to prove they mean what they say. Whatever action they choose I don't think we will be seeing the ridiculously low prices again. Go Creaf!

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