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


To: Y. Samuel Arai who wrote (6596)12/5/1997 11:22:00 PM
From: CHIP HUNTER  Read Replies (1) | Respond to of 13925
 
Y.Samuel I do not feel CREAF is a good short at this point.... It will have to rally a bit before it becomes a good short again. If it can rally to 24 or so then it becomes an excellent short in my opinion.



To: Y. Samuel Arai who wrote (6596)12/5/1997 11:38:00 PM
From: virgil vancleave  Read Replies (2) | Respond to of 13925
 
looking at the ba chart it appears that chip might be right about that one. looks like a right shoulder, head, and possible left shoulder that just formed and recent volume had a nice uptick. may have to look closer at that one. a couple other charts which look shortable to me are altr and maybe msft. msft is about to either break into higher ground or break down and support is a long ways down. msft chart appears to have formed what could be a flat top on high volume or churning but could also be just a cup with the handle and a new high coming. will have to watch for opportunity.
the support creaf has at 20 is very strong and it seems the selling pressure has subsided somewhat. chip will say he covered at the low. just for the record i am 600 shares long and looking for more. i want below 20 and still have my order in. did not get filled the other day. showed a low of 19 1/4 but it musted only been there for one trade and moved up past 19 11/16 fast since that is where my limit order was.
anyway good luck all, even chip. have to agree with him on boeing.