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To: pass pass who wrote (3168)	7/17/2000 11:37:43 PM
From: que seria	Respond to of 10714

CREE has formed a classic cup-with-a-handle. Now big money will come in. So . . . I need a handle to lift the big money in my cup after it's been filled? Sounds good, although now I want a bigger cup. Do I have to trade this move to make money, or might there also be a classic cup-without-handle, that just sits for the slow-witted as big money cascades into it? (I'm one of those usually slow-moving LTB&H kinda guys).

To: pass pass who wrote (3168)	7/18/2000 6:35:08 AM
From: Clappy	Respond to of 10714

It may be a little early to call it a cup and handle, although I'd love for you to be right. The test will be if CREE can remain level at this price range while the Naz blows off some steam. We'll see. If it doesn't, perhaps the picture begins to look more like a short term "Double Top". (I hate those dreaded words...) stockcharts.com[PC20!F][VC60][ILH14,3,3!LK14!LL14] I'm assuming the cup you see is the one formed most recently . Usually the depth of the cup determines the height of the launch. So we could very well see a jump into the 170's. Preferably above the high mark of $175. Perhaps we will see this level by earning date... Throw in a split announcement and there is no stopping us. I'm just hoping Mr. Greenspan doesn't tap the breaks on the Naz. I believe he's speaking again today. Cross your fingers... -Clappy