Creative Labs (CREAF) Message Board

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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: exitleft who wrote (13053)	12/9/1998 3:50:00 PM
From: Ben Beale	Read Replies (1) of 13925

Xitlft, Re: <While you are at it, could you explain why Creaf share buy back program took the life out of their stock> I appreciate the compliment, but I'm no smarter than anyone else on this thread. I get most of my wisdom about CREAF from reading the comments of others here. A couple of good ones are Fred's at Message 6668948 and Dennis G's at Message 6669782 Two weeks ago, it looked to me like CREAF was happy with the $17 to $18 range. The stock ran a little over that on one day, but that was the momentum it carried from its run up from $13. I'm surprised management didn't try to push somewhat higher while it still had the legal ability to do so (ie: until 18 December), but the fact is Sim's strategy may be to create a support level at 17 now and hope for the best during the 5 weeks or so the company can't do any buying. Given the last four month's trading pattern, that's wishful thinking, IMO. It now looks like Gopher Broke and I made bad decisions when we bought 17.5 call options on 85,000 shares (between us; December and January expirations respectively). In hindsight, I think we should have bought puts... IMHO, this puppy's going back to the 12-15 range soon unless management does something dramatic in the next 7 trading days. r/s Ben

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