I couldn't agree more. Oil was up 3%+ and this along with other oil stock were down or relatively flat. I can't figure out why this closed down so much today and cannot hold any gains. I doubt it is the Poland news. However, it does look like the chart is setting up for a turn to the upside according to the MACD. We will see and I hope it does as I have long call options on this one (January $65).
Market was down and this was up! Looking the chart, the MACD line crossed over the signal line which typically means a move north. This would be assuming there is no negative news released. I bought some $210 short term calls on this indicator yesterday.
That no one is mentioning that the CEO has sold about 350,000 this year alone. This doesn't count the other insiders that have sold shares this year as well.To me, it would seem they would sell shares after their earnings release if they felt it was going to be a good report.
Not sure, but we were in Lowes today and wondering why CREE only sells in Home Depot? It seems like they are pigeonholing themselves. Also, we drove by a new Walgreens and looked at all the Cree bulbs being used to light up the inside of the store. I still feel like that news went unnoticed.