Cree Led
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When shoud I buy CREE? Now wait til it drops under 15 or what?
I have followed this stock for a while and I believe they are a great company but the economic environment and cyclical nature of them has led them to drop recently I have seen them close to 10 before and I am not sure how far they will drop.
Technically the stock is very weak. It has dropped way below its long term resistance level--$25. There is no telling where the bottom might be. Sit tight and wait for the technical indicators to improve. The field it is in is subject to the business cycle and there is every indication that eh business cycle has turned south.
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