Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.470

0.0%

Jan 12 9:43 AM EST

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To: Dennis G. who wrote (13216)	1/1/1999 2:42:00 AM
From: Ben Beale	Read Replies (2) of 13925

Dennis, I think it may be too soon to declare a ray of sunshine... I don't believe the results of the AGM and EGM were announced until after the NASD closed. See: sesdom.ses.com.sg. (If that link doesn't work, try sesdom.ses.com.sg , click on <search> and enter CREAF). Most of of today's volume, which was about twice normal, came in the last hour of trading (as did 7% of the 8% price increase). I don't see sunshine, I see superior knowledge: those who knew the AGM/EGM results before the rest of us bought in anticipation of the buy-back's resumption. (Who doesn't remember the 'dollar-a-day' gains when the buy-back started in November?) What we say today was the low hanging fruit being picked. Between now and late January, I expect another drop in price, maybe to 12 or so, to shake-out the weaker hands. The momentum gathered during the last few weeks can't be reversed overnight, IMHO. On the other hand, I'm still holding those Jan 17.5 calls; maybe I'm too suspicious of the timing of today's announcement and we're now on our way to 20.... Hope so; a new year should start with optimism- r/s Ben

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