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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (15649)	1/19/2000 2:25:00 PM
From: StockHawk	Respond to of 54805

>>cibc raised cree to 120 this morning. this was followed by pru raising the target to 158 a bit later.<< Lets give CREE management credit here for understanding how Wall St. works. They hired a pack of investment houses to underwrite their very recent secondary stock offering. Sure enough, two of those underwriters have followed through with nice buy/target reports. Keep an eye out for one or two of the others to follow suit (B of A, Soundview and Morgan Keegan). from the Prospectus: We have entered into an underwriting agreement with the underwriters named below. CIBC World Markets Corp., Prudential Securities Incorporated, Banc of America Securities LLC, SoundView Technology Group, Inc. and Morgan Keegan & Company, Inc. are acting as representatives of the underwriters. The underwriting agreement provides for the purchase of a specific number of shares of common stock by each of the underwriters. UNDERWRITER NUMBER OF SHARES ----------- ---------------- <S> <C> CIBC World Markets Corp..................................... 1,342,500 Prudential Securities Incorporated.......................... 469,875 Banc of America Securities LLC.............................. 469,875 SoundView Technology Group, Inc............................. 268,500 Morgan Keegan & Company, Inc................................ 134,250 Branch, Cabell & Company.................................... 25,000 Natcity Investments, Inc.................................... 25,000 Paulson Investment Company, Incorporated.................... 25,000 Preferred Capital Markets, Inc.............................. 25,000 Scott & Stringfellow, Inc................................... 25,000 Stephens Inc................................................ 25,000 H.G. Wellington & Co. Inc................................... 25,000 --------- Total............................................. 2,860,000 StockHawk

To: unclewest who wrote (15649)	1/19/2000 2:37:00 PM
From: mtnlady	Read Replies (1) \| Respond to of 54805

Thank goodness I added to my CREE position this morning. I first bought in the 60's, then again at 70. I don't know what they are either but they look good. Bought some more today in the 80's. I didn't think we would see that mark again for awhile... What I like about them.. gorilla aside... is that they are in a totally different industry than the rest of my holdings (fiber optic, CRM/b2b, storage). I see them as a possible counter weight and a nice LT industry. My CREE holdings are still under 1% of my portfolio though. I have this feeling that they will take some of my Siebel $$ (after an expected SEBL run) and move up on my list next time the market, or CREE, adjusts. By the way.. did you notice how strong CREE held up during the last market down turn? Of course reporting their earnings then helped. Do you know how much of CREE is now held by institutions? I am still scrambling for info on CREE. Any other threads outside of the SI discuss CREE? Any links to papers etc.. you can pass along to me? What is your take on CREE's ability to transform their product and manufacturing expertise into products? Do they seem like an R&D outfit or do they show promise to be a good sales/marketing company? I would hate to have an IDC on my hands and give away the keys to the kingdom for nickles..