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Telefônica Brasil S.A. Message Board

  • dbergh1 dbergh1 Mar 11, 2008 10:49 PM Flag


    HAY Madd
    I,m begining to see what you are Looking at. (I hope) But I do not know why the
    12% pullback

    CREE on the chart to me looks good bounced off 200 MA. with nice volume
    AVARGE volume is a million & half a day to three mill shares a day.
    Good story, Green sector,

    Last Call: Cree soars on strong outlookJanuary 23, 2008 3:40 PM ET

    Cree Inc. To Buy LED Lighting Fixtures For $77M In Cash, Stock $$$
    MarketWatch - Feb 8, 2008

    Cree offered its fiscal third quarter guidance during its fiscal
    second-quarter report on Jan 22. Higher LED sales led to revenue of
    $119 million in the quarter, marking gains of 34% and 5% on a
    year-over-year and sequential basis, respectively. Furthermore,
    earnings per share matched the consensus. In just the past seven
    trading days, earnings estimates for the year ending June 2008 are up
    7.7%, while expectations for the year ending June 2009 moved upward

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    • DBERGH,

      CREE is coming off a 1 day bounce; 1 day does not a trend make! This stock HAS made my list many times (even recently) but not since I started posting them. It is in a FUNK right now (I have not researched why yet) and, you're right, bounced off the 200sma today. But LOTS of things bounced today with good news (?), so I'm holding out (or my scan is!) for now. But it is definitely worth a watchful eye, because yesterday could be the first day of a trend reversal. Who knows?

      It has demonstrated since about mid november that it's on a climb, but March has not been kind. The RSI, STOCH, and WM% (my favorite 3 TA indicators that I now ignore) say YOU ARE RIGHT. It has been beat down and is ready to fly. Still, I need to see more movement. I'm late to the party, but never alone!

13.88-0.07(-0.50%)Oct 21 4:02 PMEDT