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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST

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To: Sam Citron who wrote (1637)1/14/2002 3:21:43 PM
From: scott_jiminez   of 95626
 
Sam - As I stated, CREE may one of the exceptional situations where a dramatic gap down doesn't portend future difficulties.

As one of the volume criteria I refer to when choosing new stocks, gap-behavior has functioned quite reliably to flag stocks. For example, a gap-up observation has recently brought me back into a penny stock (UNVC [UNVC.ob]), where, in this case, there was material news behind the spike. Thus far every indication is that the gap-based investing in UNVC has functioned consistent with my previous experience.

You are obviously more familiar with CREE than myself: since you clearly show the stock has a history of gap-like volatility (as do most stocks in this sector), and that CREE can recovery relatively quickly from down-gap behavior, perhaps there is a greater than normal likelihood CREE will come back soon. If you are confident that this is indeed the case, it would be incumbent of you to take advantage of CREE's blue-light special.

Best of luck with your investments.

Scott
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