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.
* SELL ½ position NEXS near $6.28
* SELL remaining ½ position CREE near $26.05
CREE 1-yr. chart:
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