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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: JP Sullivan who wrote (13810)7/23/1999 8:21:00 PM
From: Fred Fahmy  Respond to of 13925
 
Winston,

Re: "Time to short was many points ago."

<What's your basis for it>?

My basis is that this stock has already seen a huge decline. I think shorting at this point has a bad reward/risk ratio. Hell, CREAF has nearly $5 share in CASH! On the other hand, I wouldn't add new money either. I just want to get the hell out and a reasonable price.

< I'm surprised anyone is still "up" on this stock.>

How do you know there is anyone still up <gg>?

I sold 1/3 of my position at 15.5, another 1/3 at 12.5, and unfortunately am still sitting on the last 1/3 of this piece of crap.

I should have dumped my last 1/3 a couple weeks ago in the 13's.

<When does CREAF report, btw?>

According to BRIEFING.COM, CREAF announces on August 5th. I don't have independent confirmation and BRIEFING has definitely been know to be wrong in the past.

FF



To: JP Sullivan who wrote (13810)7/24/1999 1:03:00 AM
From: Savoirman  Read Replies (2) | Respond to of 13925
 
Creative reports Aug 5 after Nasdaq close. Maybe analysts should just paint the kind of "it's going to be bad for a few quarters" picture, so that we can all get on with looking at whatever reengineering Sim is trying to do.

I don't think earnings will be pretty. Probably even below First Call. The kind of volatility in earnings is too much for most investors to stomach.


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