Friday, March 12, 2010

Yesterday's Funniest Headline: "Uptrend Spotted in Shares of Cree (CREE)"

As Grandmother used to say, "An amazing grasp of the obvious".
The headline is from SmarTrend. Here's the 15-month chart from BigCharts:

As I said in a 2008 post:

"A trend is emerging."
I'm sorry, private joke. One of the best securities analysts I know said that in 1999 when looking at this chart, minus the last eight years of course, and right before the stock took a sixty percent dumper.

At the time, MO was up approximately "1 billion, gagillion, fafillion, shabolubalu million illion yillion...**" percent over the prior twenty five years.

**that's Dr. Evil's demand [...Yen] in the third movie, about which Wikipedia says
"This time his demand is met with simple confusion from the world leaders."

From BigCharts: