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

To: Jeff Lins who wrote (13017)	12/6/1998 1:03:00 AM
From: Gauguin	Respond to of 13925

(Too lengthy, opinionated, previously covered post?) Re: Trading versus Investing. Long term, longer term, investors can also be unexcited about the way this buy back reads. It's possible we would see more of them in already if they were more certain. "Willingness to wait." Let's talk about long-term investing. What is it? It's a touchy subject sometimes. Say Group A is people who choose to buy and hold a company like INTC five years. Group B, people who want to see growth, progress, in a company and their investment in 6 months to a year. C are people who want a promise of three months. Imagining myself in Group B, 6 to 12 months ~ two years or longer if things are going well. I think I don't like the buy back as introduced/preceding. Actually, as I look at it from each of these groups and term lengths, I don't like it much. I want promise of the near term, in all of them. Because. A lot of the reasons have already been discussed. It's guts, it's vision, it's verve. I know the urge is to resent short term gain, but the faults of this buyback strategy apply similarly to long-term holders. I don't like it any term I see holding. However, it may be the best. I didn't say I knew for sure. But I know I wouldn't buy and hold over other long company investments available at this time. I'm not saying this critically of the analysis here or the company's approach, directly, so much as what I would do/think and my amateur op of what other investors parallel to me might think/do. I'd like to feel they are going to earn a bunch-o-money in the near future and don't need to conserve cash excessively on the buy back. I'd like to see them believe that any valuation of my/our stock below 22 is unacceptable, based on their ability, now and in the future, if they have anything to say about it. I don't care about dividends, but I know one group of longtermers does. That's good. I think a "run up" of this stock, practically no matter how vertical, is a good thing before Dec 16 when they literally cut us loose. Now, I don't want to necessarily hold thru then. If it had run up, or does, it isn't necessarily negative, for Pete's sake. It returns the stock to that higher playing field. Improves its chart. Draws attention. Sets up for the good earnings report I demand. Makes me reluctant to be out of the stock from the 16th on. One of the crucial things is in a two year chart. Look at the number of shares that traded above 20. If I'm one of those millions of shares, I'm looking down right now watching what the company is doing. And it looks like there's not a lot of support from them and I should probably sell the moment they get near me. I've been in a year or more and it doesn't look like they expect to hold my price and sustain growth above me. I think they are creating a willingness to "not hold" in a class of current holders. There is suspicion they "won't" make their numbers, and that's an I'm-outta-here for Everyone. I'm concerned I don't see other investors jumping in by the drove. I don't want to "wonder" how many shares they have removed from the float. I want to know. They authorized 9.3 mil for this year, and unless that was number-hawking deception, I want them bought. Or evidence they will be, before I do. I would like it announced triumphantly or even quietly that they have been bought before the 16th. So I can calculate earnings and value from there. And updates on the progress of the quarter. This is risky business. I would like to see them say they're making their quarter the minute they are. (If time-possible). Appearance. Gimme appearance of confidence, honesty, and "we're buying it back right now like crazy because it is a damn, damn, good deal and will cost 30 Jan 15th." "And no one holding at over 20 need even think of selling - their best investment is right here." BTW, this discussion has been/is one of the best things about SI. It's like watching and learning from history.