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


To: virgil vancleave who wrote (7764)1/7/1998 11:44:00 AM
From: prakash  Read Replies (1) | Respond to of 13925
 
Virgil

I just took a quick look at CREAF's chart. The one thing I noticed in the chart is that the stock ALWAYS falls hard on its way down. The highs are almost always lower than the previous close.. end of august, middle of oct., end of nov., now.. At this rate I wouldn't surprised if we retest $16 low we set last month (hope it doesn't fall any further).

I have a bad feeling about going into next week and week after next. Most of the techs are reporting and would like to protect myself if the market crashes. I don't want to buy protective puts now on CREAF or JBIL because they have already taken the beating. Anybody has any experience playing with the index options? Can anybody suggest what could be a good play if the market goes down next week?

Prakash