Doug, Gang- don't lose sight of CREAF's fundamentals which are excellent and how cheaply CREAF has edged into the OEM market. Eventually the stock will trade back to its fundamentals. Remember Sim Wong Hoo at the AGM did not say that CREAF would lose business, but with a stretch might actually make a 10% revenue increase in 1998. Sim Wong Hoo pointed out that Asian busienss had dropped from 30% to 24% of CREAF's total portrfolio, andmay drop a few points more. Now we've already quoted decent sources that PC purchases will grow strongly in both North America and Europe in 1998.
Now is that scenario justifiable of a 40% drop in price? Ask yourself that question. Also take a look at the volume action on CREAF over the last few days- just maybe we are getting close (really close) to a blowout bottom?) Point being that CREAF has a lot more upside potential based upon its acquisitions and business potential than downside from here IMHO....
3,038,000
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
12/11/97 18 20 20 17 1/2 3,038,000
12/10/97 20 15/16 21 1/8 21 13/16 20 3/4 2,228,800
12/09/97 22 21 7/8 22 3/8 21 1,519,300
12/08/97 21 5/8 21 1/8 21 3/4 20 3/4 1,149,300
12/05/97 20 5/8 20 5/16 21 3/8 19 7/8 2,327,800
12/04/97 20 3/8 21 3/4 21 7/8 19 1/4 2,832,600
12/03/97 21 5/32 22 3/4 22 3/4 19 13/16 4,345,600
12/02/97 23 1/16 24 5/8 25 22 5/16 3,570,500
12/01/97 24 1/16 26 3/4 26 7/8 23 9/16 2,185,400
11/28/97 26 5/8 27 1/4 27 3/8 26 1/2 997,900
11/26/97 26 15/16 26 3/4 27 1/8 26 1/2 461,200
11/25/97 26 11/16 27 1/8 27 3/8 26 1/8 627,700
11/24/97 26 1/2 28 28 3/16 26 1,050,600
11/21/97 28 3/16 28 1/4 28 5/16 27 7/8 827,900
11/20/97 28 28 1/8 28 3/8 27 7/8 837,100
11/19/97 27 7/8 27 1/8 28 27 1,278,500
11/18/97 27 1/16 28 3/8 28 1/2 26 3/4 1,681,800
11/17/97 28 5/8 28 5/8 29 3/8 28 1/4 825,100
11/14/97 28 3/16 27 3/8 28 3/8 27 1/4 1,006,600
11/13/97 27 7/16 27 7/8 28 3/8 26 3/4 1,205,600
11/12/97 27 23/32 27 7/8 28 3/8 27 3/8 1,134,600
11/11/97 28 1/4 28 1/2 28 5/8 28 998,300
11/10/97 28 1/8 27 1/2 28 3/4 27 880,700
11/07/97 26 3/4 26 7/8 27 1/4 25 3/4 772,300
11/06/97 27 3/4 27 1/2 28 27 3/8 898,700
11/05/97 27 3/8 27 1/4 27 3/4 27 1/4 1,130,000
11/04/97 26 3/4 26 1/2 26 15/16 26 3/8 540,700
11/03/97 26 7/8 26 1/2 27 26 3/8 981,100
10/31/97 25 7/16 25 1/8 25 11/16 25 873,500
10/30/97 24 7/16 24 5/8 25 3/8 24 1/4 796,100
Sincerely,
Doug F. |
