2 days ago the suggestion was made here...to sell cree and buy gorillas. i hope no one did. cree was +7 yesterday. qcom equivalent would have been +49.
That's correct Mike, I made that suggestion.
Cree is intriguing to be sure, but my sense of the thread is that it is a shiny pebble at present. It may be a brilliantly shiny pebble, especially if the blue laser makes it out of development phase.
Nevertheless, I was directly answering UpNorth's request for suggestions, so he could buy more Q, which was what I thought he was asking. My suggestion to sell Cree wasn't based on Cree's wonderful potential, it was based on the G & K creed here, which is the best ratio of reward/risk. In fact, in that post, I also suggested he consider selling CSCO the untouchable, because I think Q is as safe as Cisco, but will experience better growth. I even suggested I would lighten up on my Lu and INTC, 2 other very good companies, if I could convince my wife to go along.
Since you've raised the issue, may I ask you a question?
You commented somewhere that you sold 1/2 EMC and were thinking about a portfolio of entirely Gemstar/Cree. I get the feeling you owned Qualcomm, and sold it.
Question: Why do you think Cree's midterm potential in Silicon carbide is better than Q's potential in exploding broadband wireless?
Best to you,
Stan |
