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

To: grogger who wrote (5254)	10/31/1997 12:02:00 AM
From: Duncan Lestina	Read Replies (1) \| Respond to of 13925

In a 'normal' market one would expect 30 but this market is not normal at the moment. There are rumors of a developing and spreading Latin American banking crisis and certainly the Asian effect. The situation in Iraq doesn't help either. Many more analyst seem to have a more at least a short term bearish tone. Money is flowing out of mutual funds to T-bills and bonds. I don't think this correction is by any means over. I see many excellent Tech stocks that have been dragged down. Soon the losers will cash out their stocks for income tax purposes diving the prices down further. DOOM GLOOM DOOM GLOOM Buy in January??

To: grogger who wrote (5254)	10/31/1997 8:36:00 AM
From: Will Cunningham	Read Replies (1) \| Respond to of 13925

Why might CREAF possibly go down to the 21-22 area? You definitely answered this one: "except a depressed market". For all other reasons you cite such as strong earnings, momentum, Christmas coming, the stock may not see a lower range. However, this market is not to be trusted and shares do tend to be pushed around regardless of their potential. Use Compaq as an example. I mentioned to a Compaq bull friend that it could hit $60 before going forward. It was in the 70s at the time and he thought I was crazy. He lost most of his profit, but tech stocks are very nervy until the picture is clearer going forward. 21-22 might be the ultimate opportunity and it did hit 21.5 during the Monday correction. Cheers!