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

To: CHIP HUNTER who wrote (4709)	10/22/1997 9:02:00 PM
From: Dennis G.	Read Replies (2) \| Respond to of 13925

CH, I think I recall someone saying that there was actually very little stock out short, less than a half million. Since CREAF did over 5.5 million today (2.75 million after including double counting), it doesn't figure that it was all short covering. Maybe you should check the figure again. Do you have a stop loss and a target for your short? Just how far down do you think it will go now? You certainly have created quite a stir on this thread. Congrats. Dennis

To: CHIP HUNTER who wrote (4709)	10/22/1997 9:37:00 PM
From: Chi Pan	Respond to of 13925

Based on my limited TA knowledge, I feel the up resist is at either 27-28 (the previous high) or 29-30 (the trend line). Good luck to you anyway.

To: CHIP HUNTER who wrote (4709)	10/22/1997 9:38:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 13925

Get a clue, Chip - there weren't any bears to scare. The short interest is close to nil. I suppose you could call the (presumably) mutual-fund player(s) who bailed at the last minute at fire-sale prices bears, though. But that doesn't mean that they are short. Also, we should be kind to them - given market conditions the past few days, they might have gotten a standing order to "shoot before earnings". So the decision to sell those huge blocks may not have had anything to do specifically with CREAF. Unfortunately - if that was the case - both the market and CREAF turned on them before they could change that policy. Yes, I was bearish myself, based on the chart, right up to the brink, where I bought around 21. The earnings and subsequent gap with today's strong close have negated previous chart indications. Today's close suggests a gap up in the morning. Incidently, some here may be amused at my current portfolio - CREAF (in at 21 1/8), QNTM (back in at 39, short-term weakness but expect it to take off over the next few days, for a 10-point initial move), REAL (18 1/2), AGP (13) and Z (20). I tossed in the boring stuff for my heart. :) I am looking for entry points on SUNW and MDCO. MDCO probably tomorrow.