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No. of Recommendations: 6
I recently did a CREE TA anaylsis post on the CREE board. I'd like for you to read this first, as I put some additional info in that post about my philosophy on TA.

http://boards.fool.com/Message.asp?mid=16338133


Okay, now here is a current CREE TA 3 month chart with additional TA parameters plotted.

http://finance.yahoo.com/q?s=CREE&d=c&k=c3&a=m26-12-9,r14,v&p=e50&t=3m&l=on&z=m&q=l

I actually bought on 11/8 at $20.50. Does everyone see why 11/8 was the breakout day??

Here's a table of CREE prices:

http://table.finance.yahoo.com/t?s=CREE&g=d


In late October and early November the average daily volume for CREE was running around 1.3 million shares per day. All the other parameters were a buy for CREE on 11/5, 11/6, 11/7 except for volume. I needed a 1.82 million volume day to buy. I got it on 11/8 (2 million shares), where I bought at 20.50. I have been in CREE since 11/8, and have been raising my stop loss orders since then. When CREE closed at 29.69 on Dec 24th, I raised my S/L to 26.13 (12% below the highest close).

Any questions?

NukeJohn
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