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


To: Will Cunningham who wrote (6166)12/1/1997 4:32:00 PM
From: Brian Lempel  Respond to of 13925
 
Will, volume on the stock was heavy. If there were any big news coming out, there would be volume on puts. There was virtually none today. If someone out there knows something, and was smart enough to sell their stock, then they would be smart enough to buy puts to maximize their profits.

I think part of the reason was technical. Also, momentum players who have made a bundle playing CREAF may have jumped out to get in some other strong stocks (virtually all of them).

The point is, I really don't have a problem buying more CREAF, because I think I have a good feel for the company and think they will be huge in the next 1-2 years.

Brian