Thursday, May 02, 2013 1:21:53 AM
Hmmmm....CREE looks like it is ready to drop. Will be looking at JUNE $50 Puts. Daily chart on top, monthly below, look at what it did in May last year. A bit of irrational exuberance on the LED lighting area, PE is way out of line. Looking at June $50 Puts which are currently at 1.40. If futures stay green, may get a little bounce, would like to get in at around that level.
CREE daily, big red candle start of the correction.
Look at what it did in MAY of last year, big red candle, looking for repeat performance this year.
CREE daily, big red candle start of the correction.
Look at what it did in MAY of last year, big red candle, looking for repeat performance this year.
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