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


To: Will Cunningham who wrote (6236)12/2/1997 6:07:00 PM
From: BZOOKA  Read Replies (1) | Respond to of 13925
 
Creaf closed right below the lower line of the one year trendline,the only other time it did that was after 2Q 1997.next support level is around 19.1/2-20 area after that 14.1/2-15.
Ofcourse with this stock nothing works all I know is that the STOCHASTIC ,I use whenever in overbought this thing drops like a BOMB and whenever in oversold goes back up,it is in oversold right now but could be there for couple more days,I would use any strong
pullback as a BUY signal. MACD & RSI also way down in oversold
area.
SOMEBODY is moving out of CREAF and untill they stop its gonna be crazy,hoping Creaf will announce some kind of good news pretty soon.
I will load more into DEC and JAN calls it is a buying opportunity,unless somebody knows something we don't.Last I heard
SALES were great and getting better,CO not able to keep up with demand on DVD product,their main priority to support retail demand
right now.