Locking in Profits in Cree

Although all of the long term trends are still intact for Cree, the recent run-up has been so strong in such a short period of time that we feel compelled to lock in some profits at this point.

New legislation banning incandescent bulbs continues to gain strength. Therefore, we are holding on to a half position in Cree, but with a 35% gain in less than three weeks we think it is prudent to lock in profits at this point.

Suggested Trades:

SELL ½ position in CREE near $25.75

CREE 1-yr. chart: