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


To: Douglas V. Fant who wrote (5122)10/27/1997 6:52:00 PM
From: Clever Nick Name  Read Replies (1) | Respond to of 13925
 
When this mess shows a bottom, I will be buying in a big way.

The funds stopped playing games today. The garbage they have been pushing up is being dumped faster than they bought it.

In November, once they figure out how much cash is left in the kitty after the inevitable withdrawals, the quality stocks like CREAF that held their own will top the buy lists.



To: Douglas V. Fant who wrote (5122)10/27/1997 6:59:00 PM
From: John Day  Respond to of 13925
 
My GTC buy I placed last week got executed at 24 1/2. So, I am a passive buyer today. The thing that scares the heck out of me is that this is a GLOBAl crash not just a national one. I heard an Analyst comment, "At this point I am not sure if the Asian markets are following us or we are following them." Anyhow, with a PE of 10 I am not worried.



To: Douglas V. Fant who wrote (5122)10/27/1997 7:42:00 PM
From: CJay  Read Replies (2) | Respond to of 13925
 
Yes, Doug. I went long at 24 3/8--I see it as a temporary dip, and even if the market feels compelled to fall further for no reason at all, except to make all the doomsayers happy by finally creating a 20% CORRECTION, I think Creaf is a good place to be and I should be up soon. I just hope the rise comes in time to save my Nov 25 calls, which I held through this latest debacle. Amazing how so many events have conspired to hold CREAF at bay during boffo earnings report and latest upgrades by analysts. When these external forces desist, a stock with $5 cash and a TRAILING PE of 10 (next year PE of 7) will be hard to stop. So there are at least two contrarians here---and I will buy more if the price drops to 21 (although my calls will be fairly worthless at that point). I'll just become a long term investor again--haha.