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Technology Stocks : Wolf speed
WOLF 18.39-1.3%3:59 PM EST

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To: w2j2 who started this subject8/8/2003 10:54:41 PM
From: Return to Sender  Read Replies (1) of 10714
 
I'm dying to go long CREE but the long term monthly chart says maybe CREE will see 9 again before it is a safe bet:

stockcharts.com[l,a]mhclyiay[d19950101,20031231][pb50!b200!d20,2!i!f][vc60][iub14!uk14!ul14!lp14,3,3!lf!lc20!lah12,26,9]

That's not to say that I think the stock does not have some potential huge upside ahead. I think it does but with this uncertainty (the lawsuit and potential SEC investigation) hanging over the stock at a time of year when technology stocks are usually at their weakest is going to delay that upside a while. So I'm trying to hold off before committing to a long term position even though I think the lawsuit is largely causing an overreaction in the current stock sell off.

If someone sees something different on that chart than I do please let me know?

RtS
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