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To: Gopher Broke who wrote (10316)1/27/1999 11:37:00 AM
From: Daniel P. Dwyer  Respond to of 16960
 
Sounds plausible that CREAF is selling into perceived strength at the opening. If they are selling, it appears that selling into good news would have been selling into strength, but the opening pop was not enough.

Also, 1Q looks to be flat according to managment. There is uncertainty whether they will be able to beat ATI and NVDA in the oem market, while they have cut off their distribution outlets in the retail market. They are waging war on two fronts, and that will always give rise to some uncertainty.

As soon as the stock met resistance this morning, the buyers must have stayed away. I am also wondering if management decided to take some off the table so they can buy a new Corvette.

Dan Dwyer