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

To: BZOOKA who wrote (12350)	9/29/1998 7:27:00 PM
From: Fred Fahmy	Read Replies (1) \| Respond to of 13925

BZOOKA, <Esst news is big and market should react,maybe in tthe next few days.> The operative word here is "should"....in fact, the market should have reacted today. Unfortunately, I'm sure WS sees this as a complete non-event. I wouldn't expect even a small pop based on this "news". Clearly, CREAF remains totally out of favor on WS. The only thing that will get the stock up are solid earnings. My biggest fear is even if have a good quarter and the stock pops, it won't last long because there are so many people looking to get out. CREAF's valuation remains at a ridiculous level but this is the reality of the situation. This has been one very very frustrating stock. The only sliver lining is that CREAF should be able to get more shares for their money when the are granted permission to buy back shares. This of course is provided permission is granted and they exercise that option. Neither is guaranteed to happen this year. I know Singapore has said November....but does anyone believe it??? I sure as hell don't and won't until I see it. I think for this stock to recover long term, Asia will have to be seen in a more favorable light. Just hope this happens sooner than later. Good luck to all, FF P.S. If nothing else, CREAF has helped me develop my patience significantly<ggg>