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


To: Dennis G. who wrote (12970)12/2/1998 4:29:00 PM
From: Gauguin  Read Replies (1) | Respond to of 13925
 
I agree Dennis. I think, in this particular circumstance, Creative needs to buy the stock up to c. twenty-two, or until the 9.3 million shares are purchased. It's a valuation appraisal, not a game to acquire cheap shares or discover how the market will respond to them claiming they have a new self-image. I sold my shares because my investor instincts say something here is not right.

CREAF may realize they are not building investor confidence with this method of buy-back, and change the pattern. I hope they do. If the shares are available under 22, buy them. Period. I know this approach is not what some would see as strategic or reasonable, but I keep coming back to valuation. If CREAF isn't buying these shares up toot-sweet, why the heck would I???

It feels like they are faking. And if I even remotely feel that sensation, I know others feel it too, and will not buy shares. This then extends by automatic default to my choice too.

There is a definite sensation of risk here, big risk, and money will go elsewhere. If their best season is approaching, a new era building, and it won't exceed valuations of 18.00,,,,, HELLO! Yoo hoo!

Excuse my sarcasm, but I've been looking at this carefully, with these SI and the Yahoo comments, and the chart and volume ticks, and the logic simply keeps coming back to that.

Get it bought, Creative, or get off the pot. Friendly advice, honest.



To: Dennis G. who wrote (12970)12/2/1998 5:53:00 PM
From: Gopher Broke  Read Replies (1) | Respond to of 13925
 
Dennis,

I think we would all like to see the stock at $22. However, I think you hit the nail on the head with the observation that the stock goes up when Creaf buy and down when they do not. If Creaf bought the stock to $22 then shortly after December 18th (when Creaf's support disappears for a couple of weeks) we would probably be looking at $14 again. I do not want that to happen.

I will be happy with a gentler ramp-up. Say, for example, we get to around $19 by mid-December, with a good rah-rah announcement on 17th to tide the stock over the quiet period, and then the follow-on buyback/dividend/blowout results to keep the stock moving up in the new year.

Sound like a fairy tale?