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


To: Dennis G. who wrote (12305)9/21/1998 8:49:00 PM
From: BZOOKA  Read Replies (1) | Respond to of 13925
 
Dennis,

Look at the market ,many stocks trading close to their lows and Creaf is included also keep in mind that Creaf is trading at the lowest PE ever but still with a Strong buy recommendation by First call and an estimate of $1.93 for 1999 with many new products out specially
SBlive which will increase revenue and net income.
I believe Creaf will go back up and over $20 as soon as there are more clear signs of things falling into place(History has always repeated itself) and also believe that Dimd and Aur are on their way down and will not be able to recover.
As far as charts , the lows had to be tested for it form the bottom ofcourse if the volume was greater that have been more convincing but Creaf under 9 would be a JOKE.
Look for volume on the upside to be sure about the bottom.

Good Luck