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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: albertmassachi who wrote (3219)	7/26/2000 2:27:51 PM
From: unclewest	Read Replies (1) \| Respond to of 10714

not today...not yet. edit....guess i should add, i have been trading cree all week. not my long position though. i expect top line growth to be terrific as always. cannot make up my mind about the effect of nitres to the bottom line....also i hear cree is hiring so headcount should be up...of course, they have to be hiring for 2 new buildings. the conference call will be the entire story as usual.

To: albertmassachi who wrote (3219)	7/26/2000 2:51:51 PM
From: Clappy	Read Replies (1) \| Respond to of 10714

Aside from the overall drop in the market, I'm guessing that the reason CREE is down today is due to technical reasons. Their chart show that they have broken the 50 day moving average. In addition, the pattern they are showing could resemble a head and shoulder formation. There was a lot of volume today which is something that I would have not preferred seeing. I'm still going to hold long through out, though. I believe CREE will open a lot of eyes when they disclose another quarter of phenominal growth. I'm hoping for a run up tomorrow despite of the charts. The paranoid side of me thinks that the houses/MM's have been steering this down. It causes many technical traders to sell... Perhaps they are buying into the downward pressure... Who friggin' knows. -ClapOff