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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Robert Faust who wrote (3974)	8/2/2000 3:17:57 PM
From: Zeev Hed	Respond to of 30051

Robert, it should hold above the May low (just under $91) if it does not than there is the April 17th low at $83, if that breaks, then CREE may stay under its 200 DMA for some time. I am going to try and catch it near $91 with a stop loss under $83 and a possible reentry (depending on markets) around $84/$85. However, I may pull out my order like I did with WSTL this morning, if I feel that the damage might be greater. I have to learn how to play this one, I have not touched it since single digits few years back and was happy with "just" a triple bagger. I had no faith and left a bunch on the table (VBG). Zeev