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| Thursday, October 12, 2006 |
| Creative Technologies 9th Oct 2006 (updated) |
 Creative has been on a down trend for some time, hitting a low of $7.90 in mid June 2006. It has recovered since then.
Noting the value at late August 2006, the huge increase in Volume and it being more buyers than sellers show that people are accumulating stocks at this price. This is a highly possible resistance line.
Negotiations will take place in the range of $9.60 and $10.20. Showing gradual increase throughout the time.
Status: Bought at $10.20
Target: Sell at $11 by mid-November. or $11.50, whichever comes first.
Comments: I might consider this as a long term investment. Personally, I believe Creative will bounce back strongly
*******************************Updated on 12th October 2006 ********************
Status: Sold at $10.80
It is rising too slow. Seems like it will take some time before it breaks its resistance.
Manage to get returns of 4.85% in 24 days.
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posted by Nenix @ 9:32 AM   |
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| 2 Comments: |
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a good choice. producing apple accessories will mean a new business opportunity for creative, as they produce far more superior headphones than the ones apple provides for their ipods. Also, the possibilities of selling the Zen patent to other companies (read sueing) is another advantage. however, Sim WH will need to find a new business focues.
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Ya. I like Creative and I believe Sim WH will turn the corner.
However, recently, after looking at the price trends, I would not suggest to go into this stock. It seems to be lingering at $10.20 without much activity.
Mentality will be switched to a "wait-and-see" attitude
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| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
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Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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a good choice. producing apple accessories will mean a new business opportunity for creative, as they produce far more superior headphones than the ones apple provides for their ipods. Also, the possibilities of selling the Zen patent to other companies (read sueing) is another advantage. however, Sim WH will need to find a new business focues.