Profit-Taking on Cree and Nexxus

Includes: CREE, RVLT
by: Wall Street Mayhem

The LED sector has had a tremendous run over the last month. Considering the recent market volatility we think this is good time to take some profits in this sector. This trade closes out our position in CREE and reduces NEXS to a half weight position. We will continue to follow CREE and will likely be buyers on any significant pullback.

Suggested Trades:

* SELL ½ position NEXS near $6.28

* SELL remaining ½ position CREE near $26.05

CREE 1-yr. chart:

CREE NEXS Investment

Related Articles: Locking in Profits in Cree; The Nexxus of the LED Universe; Cree & Color Kinetics: LED Kills the Incandescent Bulb Star