CREE actually hanging in there better than I thought.
I was thinking it may go below 40 temporarily but it's looking like it's gonna hold above 40.
It's already above 40! You meant, WELL above 40? Say 43?
Sentiment: Strong Buy
Looking like shorts still not getting a break - based on pre-market.
I expected most of them to cover by friday. If they haven't covered, or doubled down on their short it's gotta be bad.
I have looked at writing calls again but I'm not seeing enough premium yet versus potential here. I have written them successfully in the past though.
It's been a pleasant surprise this CREE ER after being dull for a while.