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To: Clappy who wrote (11992)	4/10/2000 5:56:00 PM
From: Jim Willie CB	Respond to of 35685

TA on CREE: overhang MA's at 140-145, resistance at 150 all relevant Moving Averages now are in decline we will need at least 3 weeks for realignment, not good thus they will be serving as resistance levels its move to 116 today had typical not-high volume relative strength was terrible last week early now it has picked up some, but remains under midlevel 50 with good news, I expect a quick run to at least 150 the kneejerk overshoot would take it to 160-165 or so but that would evaporate in minutes or hours which would make for a great CovCall opportunity with bad news, I expect a retest of lows, but think 105-110 would hold earnings announcement is Thursday the news should be unequivocally positive expansion is colossal for production I might add CREE shares tomorrow but I am tapped out on margin QCOM is offering my account stability, but I hate using too much margin Angie says: cree shmee, can you make sequins out of those LED's??? / Jim