|Day Low/High||16.29 / 16.77|
|52 Wk Low/High||7.42 / 19.21|
Recent volatility has dimmed the LED maker's shares, but its upside is real.
The LED maker beat earnings estimates, but bookings and margins are worrisome.
On disappointing reports from Cree and SemiLEDs, I have sold Veeco and Aixtron.
Rather than chase high-priced leaders, consider these lesser-known names that have solid fundamentals.
VECO and CSTR both have large short interest and are breaking above well-defined resistance.
I see far more risk than reward in these shares as demand expectations continue to fall.
Industry capacity will get back in sync with demand and LED chip pricing will firm if not improve.