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

To: Dennis G. who wrote (4711)	10/22/1997 10:03:00 PM
From: CHIP HUNTER	Read Replies (2) \| Respond to of 13925

Dennis this is music to my ears about the short interest being so low..... This is my point to much bullish sentiment and very little if any bearish sentiment. The shorts which shorted on the way down before the earnings were very weak shorts that were probably stopped out today. Yes there was probably some buying today but I think most of it was short covering from very recent shorts. Btw I like to short stocks with very little short interest this way you don't have to worry about the panic moves by the weak shorts!! 16 to 18 is my short term price target Dennis.

To: Dennis G. who wrote (4711)	10/22/1997 10:07:00 PM
From: Rutgers	Read Replies (1) \| Respond to of 13925

Ealier today, I listened to the ML Conference Call with Bernard Tan, their man in Singapore I'll cut to the bottom line for all those people who just want to know where the stock is headed. Bernard has not revised ML's $35 target price, but he did say that it was achievable w/i the next three (3) months. He also believes CREAF can easily beat his estimate of $0.81 for the 2Q due to a surprise from Europe and strong DVD sales, which should also show up in higher revs for the Q as well. He has an upside of - now get ready for this shorties - of ONE DOLLAR [$1.00 in US currency] for the 2Q! It was this news, combined with the strong finish today, that prompted me to purchase back everything I sold this morning at $26 and buy more on top of that at $26.375. Since we are sharing portfolios, I decided to take a loss on my CUBE [which beat estimates by 20% last week only to see the stock go down 15% :((] to buy more CREAF. Besides CREAF, my other major holdings include Amati [anyone here know about the battle between cable and the ADSLs?(Asymmetric Digital Subcriber Line) this technology will enable you to get your stock data at more than 50 times the speed of a 56 modem and, since it comes over your telephone line, you can still talk on the line w/o needing a second line!]