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

To: Gopher Broke who wrote (13479)	2/2/1999 10:27:00 AM
From: Sun Tzu	Respond to of 13925

Yes I was serious. The forward PE is the price-to-earnings ratio based on what you expect the company to make in the coming year. Historically CREAF trades at PE of 9~14. Given the negative sentiment, it will trade at the lower end of that band. That would put it right about where it is now, so most people will have no incentive of buying it at current prices. At about $9, there should be some fundamental support. For technical analysis I suggest reading Schawger on Technical Analysis of Futures As for does the actions of one person affect the stock price? That depends on the person: George Soros -- yes, you and I -- no. I don't think I have enough clout to move the stock, so rest easy. regards, Sun Tzu