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Technology Stocks : Wolf speed
WOLF 22.74+4.2%11:31 AM EST
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To: Adam S who wrote (2028)2/12/2000 3:45:00 PM
From: RocketMan  Read Replies (2) of 10713
 
By July 19, 1999, we were finally convinced, taking the plunge on Cree at a split-adjusted price of 39 11/16. Just over five months later, on Jan. 3, we sold our position for 85 7/16, bagging a nice 115% gain.

...
At the start of the new year, Cree announced its intention to file a secondary offering, and it was then that we exited the stock, fearing earnings dilution, as is so often the case. Did we sell too soon? Yes.

Another great investment decision by "professionals."
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