CREE and VECO
Interesting that on February 5, 2010 I penned "Time to take profits on CREE". Well it looks like CREE closed about $56 and change on its way to a high over $83. Currently CREE is trading about $67.
Remember, I love CREE and the future of LED lighting. In the past year I learned of VECO which is also a player in the LED lighting future.
So here are a couple of charts comparing CREE, VECO to the Russell 2000 index ETF, IWM.
Last three years:
Last year:
The 200 day moving average is $56, the 50 day is just over $73.
I would not be adding to this position at this time, but as it approaches the 200 day moving average I would be looking to add.
Growth is going to be explosive as this new lighting technology gains acceptance and expands its applications.
Keep your eyes open for opportunities to add to both positions.
Remember, I love CREE and the future of LED lighting. In the past year I learned of VECO which is also a player in the LED lighting future.
So here are a couple of charts comparing CREE, VECO to the Russell 2000 index ETF, IWM.
Last three years:
Last year:
The 200 day moving average is $56, the 50 day is just over $73.
I would not be adding to this position at this time, but as it approaches the 200 day moving average I would be looking to add.
Growth is going to be explosive as this new lighting technology gains acceptance and expands its applications.
Keep your eyes open for opportunities to add to both positions.
Posted by Bradley Fluetsch at 6/3/2010 6:31 AM 
Categories: Speculation
Tags: retirement CREE small stock lighting growth LED cap VECO equity electricity replace future
Categories: Speculation
Tags: retirement CREE small stock lighting growth LED cap VECO equity electricity replace future
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