hi, Don, my "PSYCLE sm" two-cents, I recently added CREE, finally, as an EVT put, at $ 198. or so, in my NL, with a close stop above, for an initial pullback towards the $ 150 neckline area, anyway, from recent predicted double-top....(along with many other parabolic techs, BTW), we'll see how it acts thereafter... will try to keep in touch....
FYI, I know some of the principals of this co. (and CTHR, a sort-of subsidiary of theirs, also having good people, which you may want to check out down here), in my NL, as a potential long buy with close stop below....
I gave out many parabolics last week for potential corrections of similar ilk....just another example of I.G. rotation, as I teach....anyway, $ 5. to $ 200. on CREE is enuf, even way overboard, technically and fundamentally....there are plenty of other, still-depressed issues with good bottom formations around, here,
best wishes, hope this helps.... |
