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Author: sonar69 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36693  
Subject: Re: CREE and Watching Date: 7/30/2001 3:22 PM
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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 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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