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To: John Carragher who wrote (6877)6/13/2003 3:06:25 PM
From: andydaoust  Respond to of 10714
 
Hey All,

The 200 day MA is 18.25, almost 1/3 of the float has traded. CREE is holding fast to the 200DMA and with that much volume I feel it is a good sign that Wall Street thinks this suit is nuts and without merit and the big boys are buying. What are they thinking? CREE's market cap is 1.3 billion and the suit is for 3 billion. What jury will look at this seriously.

Andy



To: John Carragher who wrote (6877)6/13/2003 3:34:44 PM
From: Yogizuna  Read Replies (1) | Respond to of 10714
 
One would think he received some sort of "royal shaft" for making such a big stink for all to see, plus knowing the shareholders would suffer greatly....
I would be extremely surprised if he was working with any shorts, because that would tend to sink his case I would presume, but ya never really know in this crazy world!
It will be very hard to remove the company from this fight, since the brothers are so deeply involved with the company, but I do want them to work on positive action as quickly as possible, something that would make the shorts run for cover would be nice.... <g>