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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Bob Biersack who wrote (21585)	7/31/2002 6:59:10 AM
From: Bob Biersack	Read Replies (1) \| Respond to of 26752

Another Bomb Israel...30 injured Futures sag on news

To: Bob Biersack who wrote (21585)	7/31/2002 7:54:49 AM
From: Connor26	Respond to of 26752

07:47 ET Cree upped to Strong Buy from Buy at CIBC (CREE) 15.84: CIBC World Mkts upgrades to STRONG BUY from Buy, citing improved fundamentals. Upgrade follows report last night of in-line Q4 results. Firm raising numbers due to expected continued strong sequential growth in 2003, given increasing mkt demand and share gains. Price target goes to $23.50 from $25 (8x CY03 revs)... Stock trading at $15.80 in pre-market.

To: Bob Biersack who wrote (21585)	7/31/2002 8:04:49 AM
From: Susan G	Read Replies (2) \| Respond to of 26752

I was watching that run from the beginning.. they took out all the stops through several resistance levels...only to tank them on news from Israel. Feel sorry for anyone with a stop, they covered at the highs...ugh. What was really interesting was they were flat to down all night, and then explode at 5 am. Looked like another PPT prop job that got out of control, I was thinking that maybe the GDP news is so bad they thought they had to cushion the blow first? We will see...but some of the action in the futs at 5 am the past month has been very unusual, (suspicious!) to say the least (g) Another explanation for those who don't believe in the PPT (g) is the dollar was ramping at the time, due to the EURO tanking. Short squeeze going on in the USD right now. Any strong buy upgrades on KLAC yet <g> I'm amazed at one of their comments, the one where they said they have no visibility, cannot give ANY guidance, yet they are sure growth is coming in 2003 and 2004. LOLOL!