Cree Stock

[Lobo]

I have a quite meager student income, and looking for ways to increase it a bit (to buy more flashlights ), and was thinking about buying some stock.
I havent done any research at all yet, but with the latest creevolution it's hard not to considering buying some Cree shares. Do you think I missed the train, or will the stock rise more? Any other CPFs who has bought some shares?

[spoonrobot]

Looks like it to me.

Investors responded enthusiastically Monday, pushing Cree's stock up $1.10 to $17.35.

http://www.newsobserver.com/104/story/552825.html

*Originally posted in the LED forum.

[Art Vandelay]

It sounds risky. If Cree is seen as competing with its customers, won't the customers switch to Seoul LEDs?

[Lobo]

Damn, just read that article. My impeccable timing...

[Vermonter73]

Soeuls are based on a Cree die.

[nikon]

"...He predicts that Cree's stock will fall an additional 50 percent over the next year..."

Doesn't sound like now is the time to buy.

[OCEANBEAMER]

Well after a lot of reading and a chat with my stockbroker I bought a chunk of cree stock.....the ny stock exchange came up with a list of 300 companies in the whole world that held the most valuable patents for future developement(income$$) and cree was on that list..........good enough for me but ,but invest with your own financial situation in mind.

[matrixshaman]

I owned Cree stock a couple years ago. You don't want to get me started on stock investing - believe me you really don't. Stock share prices have little to do with whether a company has a successful product. The stock market is sheer INSANITY. Anything can tank a stock or shoot it up short term. I personally think Cree is one of the stocks I would call 'manipulated' - by who and how I won't say but it is definitely not anything I would put money on even knowing what Cree has in their LED as well as the overall feeling that LED's are going to get bigger and bigger in the future. This is just my personal opinion based on being a full time trader for over a year. There are other stocks that would likely do much better but don't ask me to recommend any ( a good way to loose friends when the very finicky and insane stock market tanks a particular stock you just recommended ).

[matrixshaman]

Okay I said don't get me started anyway here's a couple stats for you:
Cree stock is DOWN 45% in the last 52 weeks (1 year)
Cree stock is DOWN over 3.5% today.
The Short % of Float (as of 12-Feb-07) is 11.70% <--- this means over 1 out of every 10 investors is counting on the share price going DOWN (AND they will make money when it does) BTW shorting a stock tends to take more funds to hold it short than to buy and hold it.
83% of the stock is held by Institutions which is a good sign UNTIL their super sharp investors decide there is a reason to sell than the stock can go down faster than lead balloon.
Matrix Research (no relation) and another analyst's last three official Opinions on this stock have ranged from 'Strong Sell' to 'Sell' - meaning don't buy it at this time and if you own it then don't hold - Sell it - get rid of it like it's a bad infection.
All of this can change drastically at the whim of the market so Cree could be worth double next year BUT I would not put money on it....

[Vermonter73]

Seems like the various ratings are how the stock-shysters manipulate the market.

If a company truly has a good product, and good management, they will do well.

I've heard Cree had some management issues. Hopefully they are getting resolved. They do have a very good product and are piling up good contracts.

[Lobo]

Hm, I think I'll stay clear from this one then, or at least until I have funds enough so I can afford to lose money.
Thanks for all the advice and help, good people.

[Badbeams3]

Wonder if investers have taken notice of the company...or just a blimp?

[tebore]

I made purchases when Cree Announced the XR-E there were some bumpy times but it seems to be going up now.

[Badbeams3]

Well, I just bought 65 shares at $18.48. Hope it moves up. I see it`s 52 week hi was $31.20. Be great if it could return there...or better. Plays well into the conserve energy, solar ect. concept we seem to be moving toward. And it might help pay for all the lights I buy

[tebore]

I don't know if it'll hit it's 52 Week high again. There's a lot of competition out there. From an investor's point of view I don't know if it was wise to buy in at $18 a share when it was floating at 17 for so long.

[Badbeams3]

Up 8.49% today...hope it holds...moves up more. I`m up a hundred off my $1000 investment in just 2 days.

[axolotls]

Over the past year it hit near $40 and back in 2000 it hit $100.

I bought a little back at $15.84. So, maybe a 25% jump in a few months

The question is... how long are you going to ride it before getting out? Easy come, easy go.

[tebore]

It hit a high of 22.43 today. Man I was too late in trying to sell.

[Phredd]

I bought a while back when a rumor came out that Apple would start using LEDs for display backlights. Today, they announced their 3rd quarter results and earnings were down ONLY 12%. The street expected worse, so stock went up.

Phredd

[CM]

Did you guys read their annual report? Might want to before investing. Sometimes we get enamored with something cool, new technology, etc and blindly go into a company's stock based on the cool factor. But there's more to a company's revenue than that which we think should send their stock soaring. This is not meant as investment advice, rather it's a reminder to perform due diligence...

[tebore]

CM are you a lawyer? The lingo you use has me thinking.

I checked out the Cree's entire background. Their revenue is puzzling to say the least. The XR-E was amazing, so I decided to chance it.

[ernsanada]

The way I see all the Cree lights coming out now and all the mods going on hopefully the price should go up.

[axolotls]

Did you guys read their annual report? Might want to before investing. Sometimes we get enamored with something cool, new technology, etc and blindly go into a company's stock based on the cool factor. But there's more to a company's revenue than that which we think should send their stock soaring. This is not meant as investment advice, rather it's a reminder to perform due diligence...

I am sure I am not the only one, but I'll admit here that I bought CREE in order to use the profits (if there were any) to buy torches

[CM]

CM are you a lawyer? The lingo you use has me thinking.

I checked out the Cree's entire background. Their revenue is puzzling to say the least. The XR-E was amazing, so I decided to chance it.

No, not a lawyer, more like an enginee. But I've done my fair share of investing. I encourage anyone whose thinking of buying Cree stock to read their annual report. It's an eye opener to say the least.

[axolotls]

http://www.cree.com/investor/pdf/Cre...l%20Report.pdf
http://www.cree.com/investor/pdf/200...ort_Errata.pdf

[AndyTiedye]

I figure the demand for LEDs is about to explode as they overtake all other lighting sources in efficiency.
It won't matter if Phillips comes out with a better LED. Everybody making LEDs will be cranking them out as fast as they can.
Cree is an innovative company with a depressed stock price. I bought some stock.
I recognize it is something of a gamble.

[matrixshaman]

I played this stock a few years ago and got played. The stock market is INSANITY except for the real insiders. A companies stock has little to do with having a good product. I really think this stock is manipulated by many people and factors. If you want to play the market there are better stocks IMO. While I see to possibility for big things in the future for LED's and Cree I wouldn't put a plug nickel on their stock. Your better off investing in flashlights you can hold in your hand

[matrixshaman]

Yep shares of Cree moved up alright From over $22 down to $18 and something in just over a couple days. Like I said this stock is manipulated to the max. Big boys are playing it at the little guys expense and loss. Stay away unless you really want to be in for the long haul and there are so many variables that can eat the company that it's just a gamblers game IMO. Roll the dice....

[Badbeams3]

Yea, down more than 6% yesterday. Bye, bye gains. I have a stop loss order in at $19.

[Phredd]

Yep shares of Cree moved up alright From over $22 down to $18 and something in just over a couple days.

Aside from a short peak, it's been moving up from $16 in January to over $19 today. It's no longer a rumor. Apple has officially stated its intentions to use LEDs for display backlights. No mention of any specific company, though.

I would also assume that other companies will follow suit. Hopefully Cree will get some of that business.

http://www.apple.com/hotnews/agreenerapple/

Phredd