CREE Trade on Aug 14, 2013 14:50 from johnc_BOWS: Tradervue User Stock Trades.

Assumption:
9ema was acting as resistance. CREE on downtrend after news, so it will likely continue to bear flag and fall. Also, this was Maribeth's call in the chatroom and I figured she's pretty damn smart and focused, so I trust her call.

Plan:
Buy on bear flag. Set stop above 9ema. First target around $59.55

Outcome:
Maribeth was right. After bear flag, CREE dropped substantially. Sold half at my first target. Scaled out the rest of the way.

Lessons:
Maribeth is awesome. The Bulls chatroom is worth the monthly subscription fee.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-14 14:50:21	CREE	sell	$59.847	short
2013-08-14 14:50:23	CREE	sell	$59.847	short
2013-08-14 15:13:57	CREE	buy	$59.520	short
2013-08-14 15:17:26	CREE	buy	$59.290	short
2013-08-14 15:20:12	CREE	buy	$59.149	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=564364&end=20130913&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=564364&end=20130814154012&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=564364&end=20130814160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CREE&trade=564364&end=20140111&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

CREE Trade on Aug 14, 2013 14:50 from johnc_BOWS: Tradervue User Stock Trades.

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