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CREE - Cree Inc - Page 5

post #81 of 111

Upward momo continues, this is a bounce off multi year lows but coming up on some serious resistance levels.

post #82 of 111

Thatta boy, up you go.  Analysts finally upgrading this from a sell, and it seems to have at least (temporarily) broken the strong downward trends.  Perhaps the international markets are providing a respite fr CREE's faltering domestic status?

post #83 of 111

Well they need to figure out how to up the revenue. Margins are solid but that doesn't mean much without the revenue.

post #84 of 111

+5% looking like a strong bounce here for CREE

post #85 of 111

Reporting earnings tomorrow as well.

post #86 of 111

CREE breaking out! Ricking the show at +16% this morning

post #87 of 111

+20%, buyers chasing now

post #88 of 111

UP ANOTHER 8%

post #89 of 111

CREE coming up on the downtrend resistance around $35, strong +3% move today.

post #90 of 111

CREE making a move this morning.

 

+9% on news.

 

http://finance.yahoo.com/news/Cree-Veeco-climb-China-theflyonthewall-2947918053.html?x=0&.v=1

 

Cree, Veeco climb after China unveils plan to phase out traditional light bulbs

China today unveiled a three-step plan to eliminate incandescent light bulbs, in order to conserve energy and reduce its emissions, according to China daily. Under the plan, the importation and sales of incandescent light bulbs of 100 watts and higher will be banned as of October 1, 2012, while bulbs of 60 watts and above will be phased out by October 1, 2014, said Xie Jie, a deputy director with the National Development and Reform Commission, according to China Daily. In a note to investors this morning, Piper Jaffray said that the news is positive for Cree (NasdaqGS:

 

_______________

 

In a well defined descending channel and still in the BB bands.

Cree Daily

 

post #91 of 111

I think CREE is in a place I don't want to go. It looks like a possible 'shorting' opportunity to me.

 

 

cree.png

post #92 of 111

 

Hi Bob,

 

To me CREE has been trending on a descending channell, so the bias is for the short side.

You can trade it both ways: buy LONG near the base of that channell, sell SHORT in the upper line.

 

However for the long term I do like this company, their business that is not just "lights"...

If it falls around 20 area I will be a buyer!

 

cree.jpg

post #93 of 111

Hi RG, you're up late! Looks like you're getting into the financials which is what I don't do. Personally I might consider buying long but it would be just a day trade.

post #94 of 111

I should have listened to myself RG. smile.gif
 

Quote:
Originally Posted by BobK View Post

I think CREE is in a place I don't want to go. It looks like a possible 'shorting' opportunity to me.

 

 

cree.png


Cree Short.png

 

post #95 of 111

down 5% or so AH....finviz charts are a little weird...only showing a couple months

post #96 of 111

completely weird now......CNBC was showing down PM yesterday, and it gapped up at the open...


 

Quote:
Originally Posted by OldFart View Post

down 5% or so AH....finviz charts are a little weird...only showing a couple months



 

post #97 of 111

They have a lot of cash on hand and no debt.  It was a nice pick up after hour or early this morning.

post #98 of 111

heading toward 25

post #99 of 111

man over 26 and still going...

post #100 of 111

cree is on fire this morning.

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