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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?


To: MARK BARGER who wrote (2004)2/11/2000 9:50:00 AM
From: RocketMan  Respond to of 10713
 
Not quite sure how to play this as a trader. But long term Cree is much less risky than many people here are making out.

That's the $64 question. I'm buying June 115 puts as a hedge against my June 85 calls. Offers some downside protection. By June CREE should have stabilized at whatever fair value it wants to go to.



To: MARK BARGER who wrote (2004)2/11/2000 12:18:00 PM
From: Ron  Respond to of 10713
 
Mark, I am very familiar with the former Mitsubishi plant. It would make a terrific facility for CREE. Good location too. They could probably convert it with minimal expense.
Hope the rumor is true. I will take every addition to the bottom line :)