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Technology Stocks : Wolf speed
WOLF 17.95-2.6%Dec 26 9:30 AM EST
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To: w2j2 who wrote (872)7/30/1998 7:27:00 PM
From: Ghassan I. Ghandour  Read Replies (2) of 10714
 
This selloff is stupid and way overdone. I am glad that the support at 14 is still intact as the stock has rebounded almost a whole point. The selloff, IMO has to do with the company's Asian exposure although the earnings have shown that the company has done well IN SPITE of that. The stock should be rewarded instead of being punished but, the market is often stupid although sometimes it can see beyond what the average person could see. Thus, it is important that the stocks trades back above 15, very promptly. If it breaks 14 south then all bets are off... I doubt very much that this could happen. That is why I added to my position during the selloff today. Go CREE.

Ghassan.
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