sonar, I've been playing the 20-24 range in CREE lately and it's done great. I've been afraid to short it, in case it breaks outs, but if I had at anything above 24, I'd have made money every time. It is just a gut feeling, but I think a drop to low teens is more likely than a breakout to the up side. On a one month chart there are higher lowes with all the highs around $24.00. The chart doesnt agree with my gut I guess. But then Im no great chart reader.Think Ill hold over night...no stop. I can watch today and tomorrow morning. Will place stop when I leave if I havnt already closed short. I hate getting taken out by the gaps in the morning. They usually dont hold.I think, FWIW, we go down overall this week.
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