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

To: Dennis G. who wrote (5605)	11/12/1997 6:42:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 13925

Dennis G., 7400 looks like a possible support level on the Dow. I was in buying nibbling today at the close. Also for better or worse I closed my two short positions in the last ten minutes of trading today too.... As stocks selloff the liquidity in portfolios rises, thereby building the grist for a new rally. My guess is that we are getting a whole lot closer to a bottom in the US markets. But really- wouldn't it be nice if CREAF fell back three points this week before the announcements on Monday for one last "bite at the apple"????? Sincerely, Doug F.

To: Dennis G. who wrote (5605)	11/12/1997 11:08:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 13925

Dennis, you may be right. I know that my fear level is very high, and I think I am crazy to hold anything right now. I am holding my 401K funds (Merril Lynch Growth, Seligman Communictions & Info, Seligman Global Smaller Companies, Seligman Frontier), and was at least somewhat comforted by comments in Barrons by the manager of Comm & Info that he had already done a lot of selling of the right stocks into the mini-crash. I sold-off my IRA just in time - twice, and managed to make 15% since the "crash". Sold the day before the "crash" itself, then bought QNTM, CREAF, SUNW, a couple of oil stocks, and JTAX a few days later, and sold them all late last week. I also sold-off my regular account on both of those days, but am currently holding some CREAF and (dare I admit it?) AAPL. I won't margin right now. Anyway, it is so obvious that everything is going to hell - and most likely tomorrow - that I suppose the opposite will happen. I think there's a very high probability that tomorrow will hold as much drama as the mini-crash, but this time we may get the crash and the recovery rolled-into one day. Maybe the best thing is to play Rip Van Winkle, and wake up on Friday... :)