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


To: Douglas V. Fant who wrote (6357)12/3/1997 4:00:00 PM
From: Dennis G.  Read Replies (3) | Respond to of 13925
 
Hope you're right Doug. I was on the phone to my broker and came within an inch of throwing in the towel at 20. I assumed all was lost and that it would break through 19 and drop to who knows what. But it still sure looks like a "broken" stock to me now.

I sure wish CREAF would do something positive with that cash of theirs. If they needed any ammo to help them get rid of that buyback restriction, this week should have provided some. They're worried about some "potential" manipulation by the company when all the real manipulation is done here in the States by institutional bandits.

What a great buyout candidate they are now, with 5 bucks of cash and 2.50 in earnings. Some overpriced behemoth could buy them out for a song right now.

Dennis