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

To: DRRISK who wrote (8106)	1/12/1998 3:17:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 13925

DRRISK, I'm watching both Nikkei and Dow with interest. Nikkei is holding up around the 14,800 level so far and the Dow is holding around 7560. I expect that we have about another six-eight weeks or so of this correction since CREAF still has a slight downward bias in its up/down ratio although the ratio has been moving back toward zero over the last two weeks... I am looking at the general market put/call ratio and the ratio has really sky rocketed in favor of puts.. This excessive pessimism is usually a sign that we are nearing a bottom... Give it 6-8 weeks and let us clear the end of the Japanese fiscal year and we'll turn up in tech stocks. Even Barton Biggs of ML was reputed to have said this morning I believe that the correction is overdone in tech stocks... I am sitting on about 40% cash and others must be too. But the good news is that there will be lots of money to be made in tech stocks on the upside when that cash reenters the market..... Long on CREAF Sincerely, Doug F. Sincerely, Doug F.