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

To: Jon Tara who wrote (4715)	10/22/1997 10:06:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 13925

Look at April 3-5 to see what could happen over the next couple of days. This was really quite an extrodinary gap today. (Actually, the largest gap in CREAF's history, though not the largest one-day gain, at least not in percentage terms.) With the close almost at the high for the day, another gap tomorrow is quite possible. When CREAF starts a sudden upside move, it tends to continue to move to the upside for another 2-3 days before it corrects. I would be surprised to see the second gap covered in fairly short order. On the other hand, that April 4 gap never WAS covered, though it threatened to close on April 11. However, the stock just marched on from 12 to 20 during the next 20 sessions. Incidently, it was during this rise that I first encountered CREAF, buying-in around 14, and selling around 20. 35-40 within a month or so is not unreasonable.