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To: SecularBull who wrote (1765)	2/3/2000 4:33:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 10713

11:32 ET Cree (CREE) 143 1/2 +23 1/2 (+19.5%): Chip equipment maker's shares continue to roll. Stock has soared more than 50% since Tuesday when Banc of America Securities started coverage with a "strong buy" rating and a $200 target price.... volume 1.9 mln; intraday high 155.

To: SecularBull who wrote (1765)	2/4/2000 12:42:00 AM
From: stockman_scott	Read Replies (1) \| Respond to of 10713

U.S. Options - Cree volatility firm as stock jumps...FYI <<CHICAGO, Feb 3 (Reuters) - Implied volatility remained high on Thursday and turnover picked up slightly in options on Cree Inc. (NasdaqNM:CREE - news) as the stock accelerated its uptrend and vaulted to another new 52-week high. ''I'd say the vols are probably up 20 or 30 percent in the last week,'' said a market maker at the Chicago Board Options Exchange. ''The puts have definitely gone up'' as the stock has risen and some shorts covered. The February 120s hovered near the 101 percent area, up from around 80-90 percent a week ago. ''We're seeing interest in buying calls,'' he added. ''They did have some selling of pars (100 strike) a week ago.'' Options volume on Thursday had picked up somewhat. ''I would say over the last week it's (volume) definitely been picking up a little bit,'' he said. ''We've traded probably close to 1,000 (early Thursday). That's pretty good in Cree.'' By 12:01 p.m. CST (1801 GMT), roughly 1,400 calls and 610 puts had changed hands on the CBOE and American Stock Exchange combined. The market maker also said the absence of strikes above 120 likely inhibited Thursday's options volume in Cree. He expected that, under current options price reporting procedures, higher strikes would be added on Friday. Shares of the North Carolina-based maker of silicon carbide-based semiconductor devices were up 24 at 144 on Nasdaq market volume of 2.7 million. Officials at Cree could not immediately be reached for comment on the stock's activity. On Tuesday, however, Banc of America Securities said it had started coverage of Cree with a strong buy rating, noting that Cree is the world's leading provider of blue light emitting diodes that complete the LED color spectrum and form the basis for the world's most efficient generation of white light. Banc of America Securities said demand for blue and green LEDs for such uses as in wireless handsets, automotive instrument panels, traffic signals and full-color LED displays would help Cree's financial performance through December 2000. The market maker said he had seen no other news that would account for the surge in Cree shares over the last couple of sessions. The stock, which closed at 94-2/16 on January 31, rose as high as 155 early on Thursday before trimming gains. An options analyst added, however, that future uses of crystal blue light technology as outlined in the Banc of America research note might have fueled buyers' interest. "Its crystal technology is going everywhere," the analyst added.>>