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

To: pompsander who wrote (3297)	7/28/2000 1:06:18 PM
From: capt rocky 1	Read Replies (1) \| Respond to of 10714

not to mention the little hint of the future of the light bulb. only the biggest possible application for led. the only fly in the ointment was the blub about the switch from 2 to 3 inch wafers.cree is being painted by the nas down draft. hold 'em or fold 'em. rocky

To: pompsander who wrote (3297)	7/28/2000 5:21:03 PM
From: Yogizuna	Read Replies (1) \| Respond to of 10714

CREE tested "critical" support near the 100 area on the weekly chart today, and is holding that so far on a closing basis..... The bad news is that the weekly has now rolled over to the downside, but on the positive side, the hourly chart is now constructive with the slow stochastics, and the daily chart is becoming very oversold now. So we have a "tug-of-war" going on to hold that weekly chart 100 level. There is more strong support on the weekly down at the 65/70 area approximately. Very interesting action here on the charts. I will now wait for my standard buy signal on CREE before jumping in since the stock has fallen so low and it makes no sense to me now to try and second guess the upcoming buy signal. After buying in, will probably write the calls after I'm satisfied with the next rally. Have a nice weekend everybody! Yogi