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


To: Ben Beale who wrote (13019)12/6/1998 1:36:00 PM
From: Gopher Broke  Read Replies (2) | Respond to of 13925
 
Ben, Please can you explain why you think a price increase must be tied to an increased volume?

From what I have seen the largest price fluctuations take place at times of low volume. That is, the volume may increase as a consequence of the price being higher, but the initial price increase is almost independent of volume.

If you think about it the price is pushed up either by surplus of buyers (at market price) or alternatively a shortage of sellers. Shortage of sellers means a price increase at a lower volume, not higher.

IMO the anaemic volume is a semi-positive sign. Creaf is bidding at a fixed level and less and less people are taking the bait so the volume is dropping off. Creaf may well be forced to increase the level of their bid next week to keep picking up the loose shares at a decent rate. So the price goes up without a big hike in the volume.



To: Ben Beale who wrote (13019)12/18/1998 8:53:00 PM
From: Rutgers  Respond to of 13925
 
BOOOOOOO!

The "faith" that I had in Sim and his team (Craig McHugh, Hock and Danforth) is gone. Period.

I thought, at less than $17, they would exhibit aggressive buying presence during this last week (http://www.exchange2000.com/~wsapi/investor/reply-6704796) and I was wrong.

To be in this stock for years and listen to them rave about how undervalued the company is and then to see them fail to capitalize on this once in a lifetime opportunity is a major disappointment - almost considered shorting this dog at 3:30p.m. Didn't, of course, and could have made some nice change as it collapsed over the last 30 minutes from 14 7/8 to 14 7/16 closing at the low of the day. How fitting.

It will be real interesting to see exactly how much they did purchase when they file the paperwork.