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

To: BZOOKA who wrote (4747)	10/23/1997 1:19:00 AM
From: DD™	Read Replies (2) \| Respond to of 13925

Any news on why the Far East is tanking today? DD

To: BZOOKA who wrote (4747)	10/23/1997 2:12:00 AM
From: Jon Tara	Respond to of 13925

Bzooka, Creative 50 is still up. This is great news, really - up in what threatens to be a market crash. Seems to me it is mainly the Hang Seng, though, with the other markets reacting. This could have been predicted - duuuuhhhh! Not sure I would jump into Hong Kong, but I think when the smoke has cleared I may look into closed-end funds that cover the other Asian exchanges. The quicker this stuff plummets, the better. (Get it over with.) If the Asian markets are reacting to currency woes, this is even BETTER news for CREAF. As long as they can keep selling $99 Sound Blasters and paying for the labor in ever-cheaper Singapore dollars, while keeping their profits invested in US funds and invested in US companies, and given that their primary listing and most of the investors are in the U.S. - couldn't be better news. I am a bit concerned, though, with the U.S. reaction, as, unfortunately, CREAF isn't the only stock I own right now. :( Right now, within the "Industrial and Commerce" category of the SES, there are 10 stocks up and 204 down. Creative 50 is one of the 10 that is up. BTW, these are some pretty amazing numbers. If the other markets are anything like the SES, this is probably going to be a real crashola: Finance 37 down, 1 up Total 353 down, 20 up CREAF is the #1 point gainer. Quite a way down on the % list (near the bottom) but every stock above it in %gain is a penny stock (below $2).