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

To: Ben Beale who wrote (13134)	12/16/1998 11:01:00 PM
From: Flint	Read Replies (1) \| Respond to of 13925

Is Creative really retracing to US$12 ? The charts suggest that there is some broad band where creative should be trading at from US$14-US$15 after retracing to cover the gap up created at end-Nov. The broader market is clearly weak due to the clinton issue and negative earnings warnings but that's never really been a strong driver to creative's share price. Apart from the loss of support from Creative's buyback program come next week, is there any other reason for further weakness ? Does anyone sense that the short artistes are going to pounce on the chance to sell this stock down heavily and push it to US$12 ? If so, then yes. We should just clear our long positions and get out of the way. The "short momentum" is the biggest risk factor at the moment. Business-wise, its going to be pretty negative if Creative cannot secure consistent supply of chipsets from 3dfx after their merger. They seem short at the moment.