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

To: Savoirman who wrote (13684)	4/16/1999 11:05:00 PM
From: Fred Fahmy	Respond to of 13925

Savoirman, The Asia recovery thesis is a good possible explanation. I have noticed every morning lately, that the Asian markets are kicking serious butt right now. There might even be a rotation going on between markets. The amazing thing is the suddenness of the rise. If there were a huge short position, it would be understandable how larger than normal rise of say 1/2 or 1 could cause a short squeeze. I do think that the push from 15 1/2 to 18 probably flushed out the remaining shorts (although I'm sure there were new ones coming in at those levels too). Today was the most interesting, bizarre day since I started following this stock daily (about 3 years now). Although, I did sell into the rally I still have 1/3 of my original position. Therefore, like you, I hope this is not "over by a long shot". Regards, FF

To: Savoirman who wrote (13684)	4/16/1999 11:18:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 13925

Saviorman, when I saw the stock price when I got home today, I clciked on the news half expected a Goldman Sachs upgrade!!! <g> but seriously, I have trouble figuring out today's rise. While the idea of ourselves realizing that the company was at bottom before some big guys start jumping in is compelling, it is probably not correct. Even one or more firms trying to accumulate shares would not do so in such an irresponsible and obvious way, sending the price up 50% in only a few minutes! A combination of factors is no doubt at work. Certainly some mo-mo players came in at some point. Maybe some of the shorts panicked. Meanwhile, we have decisively broken the down trend. The sector has been fairly strong in recent days. But the most likely reason is that there is news or good earnings looming. These companies, as hard as they may try, cannot control the flow of information, as I have found. Brian