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To: MARK BARGER who wrote (3131)	7/6/2000 11:25:02 AM
From: pompsander	Read Replies (1) \| Respond to of 10714

Since we are in a clearly "no news" period here, I would like to believe that the price is being managed downward by the MMs to try to capture some shares before what should be a solid two weeks of news coming up. Now, I admit thatis wishful thinking....but CREE has done this before. I don't like the breaking of support near 130, however, and those puts I sold at that strike may cause me a tad more hearburn than I expected. Everyone remind me...when are earnings so I can rally the troops.

To: MARK BARGER who wrote (3131)	7/6/2000 2:30:28 PM
From: Yogizuna	Read Replies (1) \| Respond to of 10714

It has been quite a correction off of the 170+ area, has'nt it? This just goes to show us that even good stocks like CREE can certainly be purchased at much too high a price, even if the future is bright and the current fundamentals solid..... The market is a tough teacher, and has rapped my buying hand across the knuckles many times when reaching for the cookie jar filled with bargains! (g) Having said that, I find my sore buying paw starting to reach out here for some beaten down shares, as both the hourly and daily charts are now "officially" oversold, but that market teacher over there is giving me a mean look already, so perhaps I should wait for the official buy signal from the nightly system! (lol) Brave souls with deep pockets may want to step up to the plate here and try to swing for the fences before the official buy signal comes in, but it's risky..... Yogi