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

To: Fred Fahmy who wrote (13021)	12/6/1998 10:31:00 AM
From: MONACO	Respond to of 13925

You got to realize that CREAF has moved up 100% in the last 6-8 weeks, people are naturally taking profits, once they are finished us long termers should enjoy another leg up IMO....M

To: Fred Fahmy who wrote (13021)	12/6/1998 12:13:00 PM
From: Brian Lempel	Respond to of 13925

Fred, I have to disagree on your previous post. I think that it becomes obvious why they are letting it pause at $17 just by looking at the price action. There is no doubt a lot of selling pressure on the stock at this point. Although I don't really see the point of selling at such low levels, there are obviously a lot of people doing so. So what we have at $17 is more sellers than buyers. If CREAF had run the stock up to say $22 and then hit the quiet period, we probably would have seen a lot more selling, and the stock would tank without CREAF's support. So I am guessing that CREAF is letting it sit here for a while until the selling abates. Once balance is achieved, we will once again start to move up, probably more slowly than our move from $14 to $18. My only problem is that I think CREAF could have just as easily maintained a price of $19 or $20 while waiting for the above to take place. However, if this has been their strategy, then I'm sure they have researched it to death and know the highest floor they can defend without running out of buying power. I think that this has been talked to death, and now we just have to sit back and see what they did. Brian

To: Fred Fahmy who wrote (13021)	12/6/1998 2:38:00 PM
From: Gauguin	Respond to of 13925

Devil's advocate: If CREAF doesn't announce 9.3 million shares bought, as intended, at the close of their self-imposed buying window, specifically 15 minutes after the close on Dec 16th, then this whole buyback is a sham. They have plenty of money, the stock is affordable, and that was their expressed intention, for a lot of reasons we well understand. If not bought, there will be NO reason to believe another announced buyback of 10% for the next year. If one is willing to wait through five weeks from the 16th, with no 9.3 million bought-confirmation, and possibly no positive pre-announcements, one is going to be waiting lonely. Very, very lonely. Investors buying stocks right now aren't going to torture themselves through that. >>> In any case, if it drops from 17 or if it drops from 20 makes a big difference IMO. If it does start dropping, I think the resting point will be higher if the starting point is higher.<<< Absolutely. A requirement for many people to hold thru the hell CREAF has painted after Dec 16th, for us at the suspicious (realistic?) end of the investing spectrum. I admire the patience and loyalty of longs here. Yet I've been carefully watching this stock two years ~ and I want to hold it, but won't. Risky waters. It could be Jan 20 before it looks good. And it could have looked good now.Short term traders may play turns in the chart and bump the volume, but with this show preceding the 16th, I would, and millions of shares will, not be holding. I have to be critical to stay alive. Large and solid chunks of money are not going to go for this. Learned this attitude and approach from rude experience, and other people who were more critical than I, getting there first. "Trust" is not good. Trusting companies. Performance is good. Waiting thru this and iffy earnings reports? Jeez. Nope. They are encouraging people to sell. I hope I'm wrong, btw.

To: Fred Fahmy who wrote (13021)	12/6/1998 9:58:00 PM
From: Jeff Lins	Respond to of 13925

Fred, you said: " There is much talk about the stock dropping during the quiet period when CREAF stops buying it. I don't think that this will necessarily happen, but I do think it is more and more likely the longer CREAF sits steady at 17." You suggest that people will bail during the quite period, unless they continue buying up until the quiet period...I don't think so. I think the stock is going to sell off at the quiet period, regardless of what they do now. There are a lot of people ready to take quick profits here, and regardless of whether they buy it up to 20 or leave it at 17, there WILL be a selloff (IMHO) during the quiet period. As for bringing it to 20 being more beneficial in any case, I disagree. It will be nice for the people who are going to bail anyway, but I don't think it will give any support. Remember, this sucker fell under 8 less than 2 months ago...there is no simple "30% retracement" deal in real life...it can fall a lot or a little, for a variety of reasons. Personally, I think going to 20 before the quiet period would be enough to make me sell, at least part of my holdings. Lastly, I think a fall from 20 would be quicker and harder than a fall (if there is one) from 17...just my opinion, of course.