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Technology Stocks : Creative Labs (CREAF)
CREAF 0.448-12.1%Dec 17 12:59 PM EST

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To: Fred Fahmy who wrote (12995)12/4/1998 12:11:00 AM
From: Dennis G.  Read Replies (1) of 13925
 
I understand. Credibility is important. But does WDC really have a better record there than CREAF? And it's not just WDC. INTC and MU both hit 52 week highs today before backing off. Freaking MU hit 50 for cripes sake. Why are they paying so much for that crap? Why does CREAF never ever get overbought?

I can't help but feel a large part of it is pure unadulterated US institutional bigotry, which CREAF can't really do anything about. They are just not part of the old boys network. That's why, if I were Sim, I'd make every effort I could to get every share I could back from the US. CREAF sold their soul to the devil when they went public on the Nasdaq. Now the devil doesn't want it and is giving them a chance to buy it back cheap. They should grab it and run.

Dennis
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