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better S.T. news for people still long: recommended taking bal. of quick, large % Puts Gains in my NL this a.m., on CREE, when it almost perfectly fell right to its 50 day moving average, which is normally the initial downside target off such "PSYCLE sm" top patterns....getting some normal oversold bounces here, but I cannot predict further move yet in CREE for you, yet....we took many other Puts gains this a.m., as well....you know, Biotechs, Techs, etc., while all our depressed 'old economy' stocks recently recommended buys are up real nice, so far....but, maybe, declines a bit overdone, and pops too much too soon, so am stepping back, I need to see new charts over weekend, best wishes, hope I have helped, |
