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

To: Fred Fahmy who wrote (12826)	11/19/1998 12:18:00 AM
From: Richard Haugland	Read Replies (1) \| Respond to of 13925

Fred, it seems to me that CREAF may well try to buy its stock back from Ng first in one big block assuming that he still owns this much rather than on the open market. The company certainly has reserved the rights to do so. In that case we may not even know about it for some time and CREAF would probably pay less than creating a bull market buying on the open market. Since Ng's basis is apparently pennies and he has previously sold CREAF at all prices (but apparently not recently), maybe he would be willing to part with his remaining shares for only a slight premium over the current market price (e.g. $18 a share). Just a thought (and not such a pleasant one as what would happen if CREAF bought a couple hundred thousand shares each day for the next two months). I have loaded up on CREAF and probably back to almost break even now for the past year of ups and (mostly) downs. CREAF never did get out of the range of 13 7/8 to 14 1/16 today even on the bid or ask sides that I saw.

To: Fred Fahmy who wrote (12826)	11/19/1998 12:51:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 13925

Fred, I can buy at the bid, using Datek. I have to assume that a big buyer can do the same, using a conventional brokerage. Remember, there could be payment for order flow from other brokers, so the broker isn't necessarly doing this for free. Or, it could just be the MM buying in anticipation. In any case, I found today's restricted price range to be very odd and hard to explain. I can't think of any other explanation. If somebody put out an order for an essentially unlimited number of shares at, say, 14, and then just let the market come to them (rather than agressively chasing it up), I think the stock would act just like it did today.