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

To: CHIP HUNTER who wrote (4735)	10/23/1997 12:01:00 AM
From: Shakush	Read Replies (1) \| Respond to of 13925

Thread, let's quit wasting time on this clown. No serious short would take a position in a stock like this without at least a halfway informed opinion. Anybody have an update on the action in Singapore? I see the NSD 100 and S & P are off on Globex.

To: CHIP HUNTER who wrote (4735)	10/23/1997 12:19:00 AM
From: DD™	Read Replies (1) \| Respond to of 13925

"Doug if the stock was going on to new highs like all on this bbs believe why didn't CREAF gap above the previous high??" Hey Chip: What the heck were you expecting? The gap was nearly 25% above the previous close!!!!! The fact that the gap didn't close is extremely bullish. But we'll both see what happpens tomorrow, now won't we. DD

To: CHIP HUNTER who wrote (4735)	10/23/1997 12:29:00 AM
From: Douglas V. Fant	Respond to of 13925

CHIP HUNTER, Not a bad strategy to try to play a gap, but a 25% gap up is a big, but not a huge gap- just make sure to keep a tight buy-stop over your short, or buy a short-term call option to cover yourself over the top if CREAF takes off. In this situation I think I'd discount the technical data and focus upon the fundamental broad "across-the -board" advance in CREAF products as revealed by the earnings report. That's a pretty formidable freight train IMO to stand in front of.... Your best bet is if the turmoil in Asian Markets helps you along a little.... Personally though I preferto short a stock which is fundamnentally overvalued such as FAST, than one like CREAF which is undervalued, but just had a big "pop"... Good luck! (Another technique like you use is to short new issues about one week after they are issued...). Sincerely, Doug F.

To: CHIP HUNTER who wrote (4735)	10/23/1997 12:42:00 AM
From: BZOOKA	Respond to of 13925

CHIP the minute Creaf is down a bit get out and save your soul cause its due for a big gain it might be afew days or a week but its gonna go up and I don't know what charts you are looking at it could be that you have got the wrong symbol all together. Good Luck

To: CHIP HUNTER who wrote (4735)	10/23/1997 12:44:00 AM
From: Dennis G.	Read Replies (1) \| Respond to of 13925

I gotta admit CH, you really had me fooled. I thought you were serious. You really haven't shorted, right? Dennis

To: CHIP HUNTER who wrote (4735)	10/23/1997 2:01:00 AM
From: Jon Tara	Respond to of 13925

Chip, the sentiment was far from bullish just before earnings were released. So, earnings are released, they are blow-out, and the stock gaps up 5 points. Geez, can you imagine this happening to ANY stock and the sentiment not be euphoric. You are trying to extrapolate from one day of "euphoria". Gap to a new high? You're kidding, right? That's ALL you want?

To: CHIP HUNTER who wrote (4735)	10/23/1997 11:09:00 AM
From: taxikid	Respond to of 13925

i do not bel;ieve it was the weak shorts panicking- however there are plenty of weak longs- and i {while not going short here- share the sentiment by waiting to rebuy my core} best of luck to all- the wall of worry is not too difficult to see taxi

To: CHIP HUNTER who wrote (4735)	10/23/1997 4:30:00 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 13925

CHIP HUNTER, On a tremendous down day when the smoke cleared- CREAF did not move much. I hope that you closed your short position early in the day on the first dip! Check out some of the large cap retailers/ mechandise companies for overvaluations currently- CREAF appears to be hitting on all cylinders right now- a dangerous stock to short. Indeed I'll even tell you- CREAF is one of the two largest long positions in my account. This stock is a "peripheral Microsoft" type of company- it's on a long-term uptrend and right now nothing on the near horizon will disturb that sentiment.... Even if the whole market crashed CREAF would still not drop that much.... Sincerely, Doug F.