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

To: Douglas V. Fant who wrote (7605)	12/31/1997 11:04:00 PM
From: Alan Chan	Read Replies (1) \| Respond to of 13925

I do agree with you about CREAF. I'm looking for it to hit US$30s before bailing out. Retail cash in Asia has but almost dry up. Most cash has been 'generated' by higher asset values i.e. property and stocks. Both of these are deflating at the moment. Stocks had gone down quite a bit but property still has a long way to go. I had a piece of land in Malaysia which was valued at M$1.1m (US$400k at that time). It is now valued at M$600k (US$160k) and still on the way down! (Fortunately, I had bought it fairly cheap, otherwise the banks will be knocking on my doors) This is a faily typical scenario here in Asia. Good Luck