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

To: Duncan Lestina who wrote (9242)	1/30/1998 12:06:00 PM
From: DRRISK	Respond to of 13925

I see that this stock is trending to go much higher here. The market for techs has changed. This stock is flashing buy on ROC but has major resistence at 20 which if penetrated will be very bullish. GSCO is driving the buying which is great. Good point on the Asian demand but this is a US story not Asian IMHO. DrRisk watching 20

To: Duncan Lestina who wrote (9242)	1/30/1998 12:21:00 PM
From: Savoirman	Respond to of 13925

Don't worry about Singapore. These guys here don't know what to think, and are completely reliant on Nasdaq for direction. Anyway, the volume here is insignificant. There is probably some arbitraging going on between the two markets (as long as you have stock on both ends you can almost always make money given how volatile this counter is). Locally, the calls here have been mixed with ML maintaining BUY (this stock is covered out of Singapore, BTW), DBS maintaining ACCUMULATE, GK Goh maintaining HOLD and Vickers Ballas maintaining NEUTRAL. Dunno about ING-Barings but they have called for SELL a short while back (after downgrading earnings by 1%). Personally, I think there might be some positive movement on Monday, but more as a result of developments in the region (Korean rollover, Indonesian bank closures, US jawboning about helping region, etc). On a relative basis, Creaf is hard to beat compared to most of the listed companies in Singapore - mostly US$ revenue, costs largely in depreciated currencies, almost no debt (debt is largely in Singapore dollars - so it's shrunk), US$376m in cash (and this has grown by 20% in local terms), almost US-company-like revenue breakdown with only 16.5% coming from Asia. Compared to the usual blue-chip here (just reverse everything eg. huge loans in US$, earnings in local dollars. etc) you wonder what's keeping these investors from piling in. Truth is most folks here know very little about technology and such, and are very reluctant to learn.