Replies to post #98506 on Zeev's Turnips Patch-No Politics (ZEEV)

[brbz]

I'm a long time lurker and I wanted to share an observation this afternoon. Been watching CREE all day on Fidelity Active Pro. Closed up $0.14 at 4PM @ $23.07 (and earnings were released at 4:07 PM; they met whisper #'s and GM's jumped to 47%; they are addressing rumored capacity constraints).

At 4:01 PM, the extended hours bid / ask came out at at $21.20 and $21.21, with order sizes of 1 (one). The $21 price range has managed to hold through the cc...

I don't see any signs of the earnings report (which is quite good, IMHO) having been leaked this afternoon... all I can conclude is that this is da boyz way of moving us back toward max pain.... sheesh.

[was Steve]

it sure does. now we just have to take that dumperoo. i would love to lock into a trade for a few months so i could work on my golf game (ggg).
steve

[odiemutt]

RE:waterfall plunge Zeev is predicting...

Futures are up a hair here. If still positive by open tommorrow I'll short the close via rydex. That would be 9 days in a row where futures were pumped into the open. Good chance Monday the 21st might be a gap down open.

om