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Technology Stocks : Wolf speed
WOLF 19.47-5.0%Jan 21 3:59 PM EST

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To: Lynn Goodman who wrote (3422)8/2/2000 11:45:06 PM
From: FR1  Read Replies (1) of 10714
 
the move from "B" to "E" in 8 weeks is a sharp one.
The only problem with these measurements is that they are a lagging indicator.

For example, you mentioned that Siebel dropped from "A" to "C," for what that's worth. Today, however, SEBL shot up 10 points in a down market. So the ranking is probably going to be changed.

IMHO, almost every earnings month has a sharp sell off of stocks that have run up fairly well. Once the month is over, fund managers go over the data and start buying the stocks that have good fundamentals and good CC for the upcoming quarter. The first week of buying by fund managers (this week) is usually met by some resistance because terrified wannabe investors sell into the rally.

The CREE thing, however, has to be something unusual. The best thing I have heard is this is dumping of stock from the merger.
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