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

To: Gameboy who wrote (9060)	1/27/1998 9:53:00 AM
From: Shakush	Respond to of 13925

Steve, good response. I think the price action has had very little to do with the quality of the company or its earnings and much more to do with Singapore and other regional currency and stock market revaluations. Yesterday's selloff notwithstanding, the spike bottoms in the stock coincide perfectly with the S$ chart. When the S$ is in decline, it makes sense to sell the stock in the US and cover with S$, yielding a profit even if the stock is flat. CREAF has been and is a source of money for margin calls related to losses in Maylasia, Indonesia, etc. And it's not the first stock this past while to get hammered after reporting good numbers.

To: Gameboy who wrote (9060)	1/27/1998 10:04:00 AM
From: Douglas Webb	Respond to of 13925

News from the Business Times, Jan 27, 6:15 AM: SHARE prices closed 0.3 per cent lower yesterday, as investors squared positions in thin trade ahead of the long holidays. The Straits Times Industrials Index fell 3.53 points to 1,256.30. The broader All-Singapore Index rose 1.68 points to 373.34. Turnover fell to 161.86 million shares worth S$263.33 million from last Friday's 263.58 million shares worth S$602.48 million. Rising stocks led those falling 218 to 112, with 258 counters unchanged. Volume leader was Renong Bhd which posted a turnover of 14.1 million shares and ended unchanged from its previous close of 29.5 cents. Top gainer was Creative Technology Ltd which rose 50 cents to close at S$34.40, while among the top losers was beverage bottler Fraser and Neave Ltd which closed 30 cents lower at S$6.00. Property stocks were among those actively traded, led by Keppel Land Ltd, which rose six cents to S$1.30. (Copyright 1998)