Thursday, November 25, 2010

11-25 CREE revisited

With the sharp move up Wed we need to take a new  look at CREE.  It appears we have had 1 cycle topped and another ready to top.  You need to move stops up and may want to consider selling part of your position.  CREE could try and close the gap from August (another 5 ponts or so up), still you do not want to give back all your gains on that possibility...

Here is a current chart:

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