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

To: Fred Fahmy who wrote (12775)	11/13/1998 9:41:00 PM
From: Dennis G.	Read Replies (2) \| Respond to of 13925

With regard to CREAF's buy back strategy, I feel that they could probably buy the first 10% as aggressively as they are allowed (20% limit per day, etc) and still the stock would stay under 20 bucks. I think that every dollar it goes up, and the closer it gets to that level, more and more supply of shares will show up from people and managers who just are fed up with the stock, see no long term future in it, and want to get out. I feel that is the degree of dislike built into this stock. For the stock to rise above that level will likely require a complete change in ownership of the float from last spring. I don't know how far along that road it has gone but there must be quite a ways to go still. Buy back will surely help speed that process. That is why I don't see any reason why CREAF should hold back one bit from buying. More than likely, many present, distrustful holders will be fighting each other to sell it to them. And what's the real difference to CREAF whether it costs them $150M or $200M? It just comes out of the bank and it's a cash generating machine. It won't make any difference to their day-to-day operations or their future. Nobody buys this stock for their cash horde. In the language of "Trading Places": TURN THOSE MACHINES BACK ON! GET IN THERE AND BUY, BUY, BUY! :^) Dennis