The Critical Investing Workshop Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Willie CB who wrote (10467)	4/2/2000 12:48:00 PM
From: bela_ghoulashi	Read Replies (1) of 35685

Here's an good post on CREE from the Yahoo CREE board: Late Friday's action by: harvest_34 4/2/00 10:54 am Msg: 22184 of 22191 Cree started a smart recovery in sync with NASDAQ but for some reason only known to the seller a institution aggressively put a large block of stock for sale and drove the stock down.It could be related to end of the QT.reporting period. I still think we saw the lows and the stock will start moving up just as aggressively as it drop. From all my contacts everything is going forward as planned or ahead of plans. We should see a couple of news reports recommending Cree as well as some upgrades.I still believe we may see a couple of news releases before CC on the 13th. I strongly believe those that hang in or buy in at these prices will have made a very smart decision.Don't let the trading swings influence your investment decisions especially with Cree and its history of violent price swings. The violent price swings of Cree since day one,I belive is because of these factors. 1st.Cree is not well understood even by its stockholders including institutions ie.both Vinik and Fidelity have traded millions of shares in and out and in and out when they should have just bought and held that also goes for dozen of other institutions. 2nd. Even the analyst Lehman,DLJ and Wainwright dropped coverage hundreds of points ago. Preferred Capital downgraded stock in the $30 etc.They just didn't know what a jewel they had. 3rd. Cree, rightly so is very secretive it has many black box programs with DOD and is aggressively pushing the envelope on many technology fronts,it deals closely with few customers and is entering new markets with new products and see no need to help potential competitor.Let the results speak for themselves. 4th. With around 60 to 70% institutionally held 20+% insiders, large short position leave a small float that can be whipsawed with low volume trading. 5th.Its easy to spread false rumors about Cree remember Cook the Books, CIFRA and negative reports in the the WSJ,Barrons and IBD, all proved wrong. Hopefully Cree will be better understood and more media coverage which I firmly believe is coming will help even out the volatility and move the price higher to reflect its outstanding growth, near monopoly status and its enabling technology for new, exciting and very substantial markets. --------------------------------------------------------------------------------

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next