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

To: Doug Fowler who wrote (8842)	1/24/1998 9:39:00 PM
From: Douglas V. Fant	Respond to of 13925

Doug, I agree with you- CREAF will drop sharply only if macro factors interevene- like new unknown factors in Asia or a dragged out Clinton matter. However even if that brought all stocks down, my guess is that the pullback in CREAF would not be more than 15%, say down to the $17/share level, after seeing the company's financial status this quarter. Here lies one of the dangers of relying too heavily on technical data solely- yes the chart says CREAF is overbought, but fundamental data (like a good earnings report!) needs to be factored into market psychology as well. Chip- I will agree with you that sales growth slowed a bit this quarter- but for CREAF to predict growth going forward IMO is very impressive..... Sincerely, Doug F.