Wolf speed Message Board

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Technology Stocks : Wolf speed

WOLF 18.37

+2.7%

Dec 19 9:30 AM EST

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To: albertmassachi who wrote (3219)	7/26/2000 2:51:51 PM
From: Clappy	Read Replies (1) of 10714

Aside from the overall drop in the market, I'm guessing that the reason CREE is down today is due to technical reasons. Their chart show that they have broken the 50 day moving average. In addition, the pattern they are showing could resemble a head and shoulder formation. There was a lot of volume today which is something that I would have not preferred seeing. I'm still going to hold long through out, though. I believe CREE will open a lot of eyes when they disclose another quarter of phenominal growth. I'm hoping for a run up tomorrow despite of the charts. The paranoid side of me thinks that the houses/MM's have been steering this down. It causes many technical traders to sell... Perhaps they are buying into the downward pressure... Who friggin' knows. -ClapOff

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