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Yes, I am aware of AIXG and a few others, but when I think of the LED plays, I can only think of the drama queens known as CREE RBCN and VECO. All three have given us more than our fair share of “just the tip” false breakouts over the past few quarters. After being a star of 2009 and early 2010, CREE has turned into a laughingstock. After its latest earnings disappointment, the hated stock finally looks a bit overdone here. Even if it is not, RBCN and VECO are looking good in their own right. They both have earnings coming up in the next few weeks, so be cognizant of the calendar. However, on strength (especially RBCN), these drama queens may finally be ready to put out.

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