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

To: William who wrote (3684)8/20/2000 8:47:06 PM
From: gingersreisse  Read Replies (1) | Respond to of 10714
 
The open interest in August calls $30+ out of the money a few weeks ago suggests nervous shorts had bought some protection. When the market went against them, they covered fast.

I understood there was a lot of shorting in CREE, so I was surprised when we didn't have the turbulence a week before expiration as market makers shake weak hands and let the actors escape with minimal damage. A flat market with lots of OOM calls last week was the warning bell.

The GE, Siemens, or Philips stories could be real. This is NOT a stock to be on the wrong side of...

GSR



To: William who wrote (3684)8/21/2000 3:33:53 AM
From: ratan lal  Respond to of 10714
 
But why now and why 30 points in 2-days.

I would think the same reason as the July 25-27 move.



Then it went down to around 85 before it sprnag up again to its present 130.

Does that mean that CREE may go down August 25 - 27 just as fast as it went up from July 25-27??


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