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

To: Ron Kline who wrote (5740)	11/16/1997 11:05:00 PM
From: CJay	Respond to of 13925

Ron: I'm not sure CH said he was currently short on CREAF--he might have said he was thinking about shorting it---this ambiguity allows maximum flexibility to tell tall tales. AS to TLABs, he claimed to be short, but if the stock has rallied I am sure he will say he closed out his position just before the rally. And you are right, there are better shorts in the last month than CREAF, which is UP since his first CREAF short ( he bought at 26, back when he said it was going to 16 or 18--right about now). Fire sales are good buying opportunities---I wish I had bought more CREAF right before earnings and right after the 500 point drop day---I would have a bunch more shares at 21-22 now. But I am glad I stayed away from most other techs--I am thinking about some telecommunications stocks--ALNK has been hammered, and FRO is good takeover shot-- But right now, I am hoping for good news with CREAF. ASia looks good, and CREAF is up 3.2 % in Singapore----cant wait for tommorrow's announcements. One caveat--if WALL STREET does not like the announcements, CH may be right that this could mark a short term pullback. Geez, I almost agree with him on something. But I think the news will satisfy the Street. And long term, the stock is looking great--upgrades are on the way!! Good Luck, CJay