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To: JH who wrote (4493)	12/8/2000 3:54:55 PM
From: Nichols	Read Replies (1) \| Respond to of 10714

Bye Bye 75 as being resistance 75.75 RTQ. Next level?

To: JH who wrote (4493)	12/9/2000 5:53:48 AM
From: unclewest	Read Replies (1) \| Respond to of 10714

1) "Eyeballing" a 30 day tic chart of CREE reveals support/resistance appearing at prices divisible by five, ie. 90, 85, 80, 85, 80, 75, 70, 65, 60 This is not that visible on candlestick charts. i am learning something here. also testing myself. i have the resistance centered right at 79 not 75...next should be right around 87. of course this is not an exact science (at least not for me) and a few points one way or the other is certainly possible. but i see what you mean...maybe most cree day-traders think in terms of 5 points. after the announcement, i only got a partial fill at 73 3/4. the rest were at 74 1/2 and 75 1/4. i have disputed the fill and will get an answer monday. i was not happy with that and sold the lot at 74 3/4. i normally use limit orders but did not this time. also want to say that i have a substantial and permanent cree position that i never trade. if cree is successful in increasing production in the new facility and converting to 3" wafers..then gets the rf devices across the chasm and starts knocking down bowling pins, as described in the book "the gorilla game", we have a grand slam homerun here. also look for cree lighting to begin adding revenues next quarter or sooner. hunter made a special mention of that in november. cree expects to increase production by a factor of 2 cubed or 8x over the next 12-18 months AND keep margins above 50%. i keep my 2" cree cube from the shareholders' meeting on my desk to remind me of that goal. cree is ranked #11 in fortune's august list of the top 100 fastest growing companies in america...2 things about cree that stand out from the others on the list. 1.) cree is growing like crazy and maintaining fantastic profitability. we see many fast growers increasing top line...but unable to also increase bottom line...cree increases both and has for 17 consecutive quarters. 2.) cree has two huge barriers to entry...an enormous patent portfolio and nearly every engineer, with an advanced SiC background, already works for cree. cree has recruited these guys from the USA, russia, japan, etc. uw