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

To: richardred who wrote (7149)	8/10/2003 7:41:33 PM
From: Return to Sender	Read Replies (1) \| Respond to of 10714

I decided a 3 year weekly chart might be of help. What I see on it is the potential for the stock to fall further but not as far as on the monthly chart. Imagine if you will CREE with an RSI of 30. What price will it take to get that on this weekly chart? stockcharts.com[h,a]waclyyay[df][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G Probably the stock needs to fall below 10 1/2 for that to happen. Thanks for taking some time to discuss the fundamentals. I agree with you as well that each and every investors needs to carefully make their own decisions on any investment. Personally I do believe market timing can work so right now I think it is likely the Nasdaq and the SOX will be falling further before finding a bottom in September or October. The NDX is now in bear confirmed mode according to point and figure charts: asianinvestoronline.com The BPNDX is falling but it is a long way from being oversold and confirming a bottom: investorshub.com Anyway, longer term CREE is for my dollar one of the few profitable semiconductor companies with the potential to really be a great stock at a reasonable value today. I just want to get long as cheap as possible because if the Nasdaq and SOX are not rising then why would we expect CREE to do so? RtS