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To: blake_paterson who wrote (6802)6/5/2003 9:34:21 PM
From: alanrs  Respond to of 10714
 
Between the gap, the cup and handle, overhead resistance around 33, and the huge short interest, CREE could easily have another 30% to go in the short term. We'll see. I don't usually get into the prediction business, but the above factors seem to forecast that. There might be a good opportunity to sell calls at a very pleasant $35 strike.

ARS



To: blake_paterson who wrote (6802)6/5/2003 10:46:02 PM
From: John William Anderson  Read Replies (1) | Respond to of 10714
 
Does a year and one half count for gap filling? Is technical analysis being pushed to credulities' limit? Might factors in Jan 02 have been substantially different than exist today? Is gap filling a kind of reverse logic? I am not discounting your view; just expanding my own consciousness on the subject. Is it ad hoc ergo propter hoc (this therefore that)? I mean, are we using sound logic? Well accepted logic? Any references?


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