Friday, April 22, 2011

CREE 04-22-2011 Bottom Fishing?

The Motley Fool, The Street dot Com - everybody seems to hate CREE.  And to be honest it seems to have negatives.  So it seemed appropriate to take a look since it is setting 52 week lows.  Now bottom fishing can be dangerous and should only be done if you are nimble and use stops to limit potential losses.

It appears CREE is setting a bottom and has 10% or more upside potential.  Here is a visual:

GL traders.  Do your own analysis, and this is a high risk situation only for the nimble trader.  Use limits to buy and maintain stops.


  1. Inlet,

    i like it to 42 area as well. company has some real proving to do.

    thank you for the chart update.