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Strategies & Market Trends : Steve's Channelling Thread
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To: anandnvi who wrote (2445)6/15/2000 2:15:00 PM
From: Matrix_Man  Read Replies (1) of 30051
 
I would be very careful shorting CREE here. It may pull back, but it may also race ahead back near its highs. The fundamentals are very strong, and it looks like it has just passed the buy point at 155 or so coming off a double bottom base. Also, the down volume seems to be very light. If you do short I would place tight stops. Also, B of A recently reaffirmed their target of 300.

Disclosure: I am very long CREE - considering buying more here.
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