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

To: 2MAR$ who wrote (3709)	8/23/2000 7:35:22 AM
From: sam	Respond to of 10714

NOTE: this post has absolutely nothing to do with Cree fundamentals. Cree's trading with the semi's now. If u believe the semi's are toppy, then u'd probably believe Cree may "pause" a bit here. Not sure yet myself...as semi's -- as a group -- are not showing any weakness of note. To the contrary. Cree has bounced off the 100 dma a few times and not breached it since its one day power drive above the 50, 200, and 100 dma. Moreover, money flow is still quite positive...but that could change on a dime. I tend to think there may be some shakes coming...but, personally, I'd be using those as an opportunity to buy some of my favorite semi names as I think there is more -- possibly significantly more -- upside left by end of year. Why? Fed is done for the year imo. No question at this point, unless we get some "surprising" economic numbers. Liquidity will increase as the election nears. There is a huge amount of money on the sidelines that won't want to be left out of any rally. And the conventional wisdom today (as opposed to last weak...or next week) is that the semi cycle has a ways to go. Anyway, just some thoughts....