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

To: Jon Tara who wrote (6473)	12/4/1997 5:22:00 PM
From: Nazbuster	Read Replies (2) \| Respond to of 13925

Jon, "Chip won't answer your questions." I joined SI because I thought it was a tremendous resource for learning how to become an effective investor/trader. I really get sick and tired of wading through everyone's crystal ball predictions or wild guesses of what the future holds. I wish people knew how to communicate MEANINGFUL CONTENT better. Chip seems truly confident in his methods. That's fine, but I also hope he is here to SHARE ideas. My request was sincere. Let's give him a chance to respond in kind...

To: Jon Tara who wrote (6473)	12/4/1997 5:34:00 PM
From: eddie	Read Replies (1) \| Respond to of 13925

Jon, I find the intra-day pattern quite similar to the time it happened towards the end of July. On the 29July, it first tested the low of 19.50, thereafter on 7/30, 7/31, 8/1, all 3 days tested the low of 19.75 and closed up higher and the lows were done about the same time and interesting enough, the intra days look similar to what happened again last 2 days. I think at that time Venture released that infamous press release about the Novastation and Creaf took a direct hit here in SES followed later by Nasdaq that same evening (or next morning for your case). Obviously everytime when this thing had gone overbought on the stochastics or when there is bad news (even meaningless ones that have always been targeted at CREAF), there always will be accompanied by large drops. I think we should be quite lucky this few times that it came quick and drop a couple of points in a go rather than that slow erosion that started on early Feb (when that darn ML downgraded, accompanied by that P Yao of Schroder. Let's see who really think this stock is shit, because if it keeps dropping this time (against the indications of the charts), then maybe we should really be getting out. I have bought a total of 6k by now, every time 2k when it drops. Buying it on the way down. But I doubt at such prices, those same guys who started the drop would stay away for long !!! Damn fellas are probably salivating so much they probably would try to test the stop loss points for a couple more time and would like to start reversing their positions before someone gets the better of them. Everyone there take a walk, relax ! It used to be when such drops happened, I keep pressing my PC for a reload to get the latest price, right up to the closing, missing my sleep. Not anymore. It will come around, pretty soon. It's risky to keep manipulating the stock downward unless there is really a general consensus that this stock isn't worth that kind of price....which isn't what's happening right now. Buying again, but would be interesting if it drops below today's low tomorrow.