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Technology Stocks : Wolf speed

WOLF 17.31

-2.9%

12:51 PM EST

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To: Matrix_Man who wrote (3236)	7/27/2000 10:32:35 AM
From: que seria	Read Replies (1) of 10714

Assuming better than predicted earnings, there's still a divergence between the TA and the fundamentals. Wonder which way it will be resolved? Look at 2 year weekly chart: bigcharts.com I didn't suppose I'd be looking at my 109 entry price again w/o a bigger market decline, or bad news. Can't picture what bad news could be, though. I see support at 105, but it doesn't appear the day promises to test it. It seems from recent experiences elsewhere that the question is: By how much institutions are counting on CREE blowing away projections . . . and will it? I'm not adding at this price without having a better sense of other people's expectations, since when they go unmet (never mind how short term they are) that seems to rule these days. I don't like to buy at a 25% off sale when there's a smell in the air of buyers holding their wallets for the 40% off sale next week or month!

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