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


To: Dennis G. who wrote (9732)2/13/1998 9:58:00 PM
From: Fred Fahmy  Read Replies (1) | Respond to of 13925
 
Dennis,

<You know it's really amazing how we all are having a hard time explaining how CREAF could have risen to 23 3/4 when by all rights it should never have gotten this low in the first place.>

Exactly! That's my point. It's not like this run up is approaching new highs or outrageous valuations (to the contrary). Heck we are only getting back to where we were a couple great earning reports ago. The run-up is long over due and makes more sense than the drop from the mid 20's to 16. I guess it's just the explosive and sudden nature of the move that has people scratching their heads. But, when a stock is so very undervalued, it doesn't take much of a spark to ignite a fire (especially in the tech stocks).

Good luck,

FF



To: Dennis G. who wrote (9732)2/14/1998 6:29:00 PM
From: David Beckett  Respond to of 13925
 
Dennis, agree with your value statement and hope the hidden news?? breaks quickly. Started trading it in Sept at 21 7/8. With the current breakout, I've bought back 6 Feb 20 Covered calls and gone long an additional 200. Hopefully it will pop up some more next week, and then I'll cover with March calls. I've placed an order to buy protective Mar 17.5 puts at 5/16.

The Eagle