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Technology Stocks : Wolf speed

WOLF 20.35

+2.2%

Jan 16 9:30 AM EST

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To: Ron who wrote (742)	3/13/1998 11:06:00 AM
From: Walter High	Read Replies (2) of 10714

Ron: CREE has been a good one for me. A year ago I bought options when a nice article ran in the N&O. They doubled for me in a matter of two weeks, and I sold them at 100% profit. I then bought the stock during the summer when it was at 17 and sold it at 26 5/8 during the big run-up caused by Vinik. Sold two days too early, but let's not get greedy, right? I waited until it bottomed and bought option contracts again when it was 15 1/4. I am already showing a nice profit on this one. Since the options don't expire until Sept., I think I will hold them in anticipation of a rise back into the 20s. I think CREE has more good news ahead. Walter High

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