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To: unclewest who wrote (4546)	12/14/2000 2:35:53 PM
From: JH	Read Replies (2) \| Respond to of 10714

CREE is moving down to close a break-out gap formed at $32.50 (pre-split $65). For those wanting to add to their positions in CREE, placing your buy orders around $32-5/8 or $32-3/4 could be the way to go, since this stock often trades at 1/4 pt (or wider) spread. $30 should be a strong floor, so your downside is a manageable 10%.

To: unclewest who wrote (4546)	12/14/2000 4:00:22 PM
From: Ron	Respond to of 10714

Local paper update on Charles & Colvard efforts to raise more cash: MORRISVILLE -- Charles & Colvard is hoping its shareholders will rescue the company from a cash crunch. The producer of moissanite gemstones, which resemble diamonds but are much cheaper, requested approval Wednesday from the Securities and Exchange Commission to issue 30-day warrants giving the company's shareholders the right to purchase one discounted share of stock for each share they own. The offering could raise as much as $17.4 million -- a badly needed injection of capital for a company running short of cash. Under terms of the proposed warrant issue, shareholders would be able to buy the new shares at a 15 percent discount from the company's market price on the date of the offering. Charles & Colvard's shares rose 19 cents Wednesday to $2.44. newsobserver.com