Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: dougjn who wrote (3038)	8/8/1998 8:20:00 PM
From: Richard Haugland	Read Replies (1) \| Respond to of 6021

*OFF TOPIC* Dougjin (CREAF) I bought some CREAF Friday in the panic drop at 9 13/16 and it closed at 10 7/16 after hitting 10 13/16 (my sell was at 10 7/8 since I love to day trade, especially in NETA). So very predictable. I think I could have told you the minute that my order would be filled in the early morning Friday within 5 minutes. Luckily I guessed the bottom within 1/16. Classic sell-off in first 30 minutes after an earnings miss but 14 cents versus a predicted 17 cents was not too bad. quote.yahoo.com above link will self-destruct by Monday morning I think CREAF will recover to at least 12-14 during this quarter since it still has a very low P/E of about 7.6 and its best quarters are coming up plus it has some nice new product realeases. I believe a key will be where it trades next Friday at the close and perhaps the reaction on Monday. I have made money day trading CREAF several times but have a couple of times gotten stuck with positions on the deep descents (e.g. from $27 to $15 and later from $15 to the current price of 10 7/16). Most likely I am behind overall on this stock. Thus I am not an expert on its price movements. However, even the disk drive sector showed some life this past week so there should be some life yet in CREAF too. Being a Sinmgapore company it is also being punished for being Asian but its stock buyback at the end of the year, IMHO, should help.