All Hail The Mighty CREE (stock)

[LuxLuthor]

I was checking my stocks today, which generally were all down...and then I see this lone CREE stock 16% jump in value -- $8.70 (to $63 total) just today. Apparently it is linked to a new home lighting CR6 product which was presented at a builder's convention which I had no idea about.

This is now a 142% increase in the stock since I bought it this year...and only because I belong to this forum and knew about CREE. That's change I can believe in.

 

[gallonoffuel]

Yes I was quite happy to go from a few percent loss (I bought recently) to a 16% gain in one day. Unfortunately it has been doing that for the past few weeks, big gains, and then big losses. Hopefully the upward trend continues.

 

[RAGE CAGE]

142% ROI........the rest of us may be too late to the party....

NYSE SYMBOL CREE

 

[gallonoffuel]

142% ROI........the rest of us may be too late to the party....

NYSE SYMBOL CREE

I have never played with the stock market, but this company has proven to me that they will continue to profit for quite some time. They also have a significant cash reserve.

 

[Kestrel]

I was checking my stocks today, which generally were all down...

Berkshire is up ~4% today, very unusual for such a stable stock. :shrug:
BTW why is this in the /General Flashlight Discussion forum?

 

[defloyd77]

Add THIS to the list of why you need to keep givin' sugar to us LED Jockeys :devil:

 

[Magic Matt]

Well as we don't have a Stocks and Shares forum....

I've never had stocks/shares... I wish I'd bought some in CREE now.

 

[LuxLuthor]

I figured the item causing today's boost was a general interest item, but seeing as it is CREE, it could have gone in the LED section...but then seeing as today's stock jump was about home lighting, it could have gone in the Fixed Lighting section. Ultimately it was a toss up on where to post it either in General or Cafe. I don't care where the topic ended up, just show me the money (which it did)! :thumbsup:

 

[defloyd77]

I figured the item causing today's boost was a general interest item, but seeing as it is CREE, it could have gone in the LED section...but then seeing as today's stock jump was about home lighting, it could have gone in the Fixed Lighting section. Ultimately it was a toss up on where to post it either in General or Cafe. I don't care where the topic ended up, just show me the money (which it did)! :thumbsup:

I'm pretty sure the Cafe, what were the other stocks in the home lighting jump?

 

[Lumencraft (Matt)]

WOW!

I have been wanting to do this for some time now (wish I could have when I first thought of it). I have been attempting to learn enough about the game to get my foot in the door, but I am still not sure what the best way to proceed is. Do you guys go to local brokers to make your stock purchases, or do you buy online?

My local office (Edward Jones) charges 50$ to open an account, and 4.95$ per investment. But I was just reading the info on ING direct, and if I understand correctly there is no fee to start an account, and only 4$ per investment. Just not quite sure what to do yet.

 

[LuxLuthor]

If you are just buying a few stocks, and know how much you want...just use a cheaper service like Ameritrade, eTrade, Scott Trade, etc.

However, I had stop-loss sell orders in on all my big profit stocks, so when they drop to a trigger loss amount that trails below its peak price, it generates an automatic sell order at the market price to lock in some of your profits. My CREE, Apple, Google, Amazon, BHP, & Citrix stocks all sold on either 1/19 or 1/22.

I only have about 20% of my investments now in stocks, and believe the rest of this year is going to be a severe bear market. I'm expecting the Dow to drop down to 7,000 range before recovering. People forget it is a fancy casino game.

 

[Lumencraft (Matt)]

Thanks Lux, and I appreciate the direct answer. I only have a limited amount of investment capitol at the moment, so even if I get in, and the bottom does drop out at some point, I wont be crushed or homeless.

Glad to hear about your kill switch on the stocks.

When I was working at a resort selling time share several years ago. An older man and his wife came in, and I toured them. It was clear he had the money to do what he wanted, and often did ( unfortunately buying a time share was not on the list). He didnt seem to mind sharing his story or a few bits of financial advice, and I was certainly interested. Anyway long story short, he said one of the primary jack pots he had hit in his career as an investor was Apple computers. When he purchased it in the early 1980s he said it was penny stock, and was able to cash in on thousands of shares when it skyrocketed.

Who knows maybe CREE will be the Apple of this decade.:shrug:

 

[LuxLuthor]

CREE has been around since 1993. Look up it's stock sales price chart to see how it has performed.

 

[Hitthespot]

If you are just buying a few stocks, and know how much you want...just use a cheaper service like Ameritrade, eTrade, Scott Trade, etc.

However, I had stop-loss sell orders in on all my big profit stocks, so when they drop to a trigger loss amount that trails below its peak price, it generates an automatic sell order at the market price to lock in some of your profits. My CREE, Apple, Google, Amazon, BHP, & Citrix stocks all sold on either 1/19 or 1/22.

I only have about 20% of my investments now in stocks, and believe the rest of this year is going to be a severe bear market. I'm expecting the Dow to drop down to 7,000 range before recovering. People forget it is a fancy casino game.

Why Lux you sound like a Day Trader? Is this a living or on the side?

Bill

 

[LuxLuthor]

Why Lux you sound like a Day Trader? Is this a living or on the side?

Bill

It's a living when I make money; a hobby if I lose. Actually I only use money that I don't need for investing.

No, I am more of a long term trader, but like to follow larger trends. Been following several sources, one of which is The Elliott Wave Principle.

 

[Lumencraft (Matt)]

It's a living when I make money; a hobby if I lose. Actually I only use money that I don't need for investing.

I have been dying to ask for some time, but I didnt want offend you, by being nosey or rude. If you dont mind saying, what type of work do you do Lux?

 

[Hitthespot]

It's a living when I make money; a hobby if I lose. Actually I only use money that I don't need for investing.

No, I am more of a long term trader, but like to follow larger trends. Been following several sources, one of which is The Elliott Wave Principle.

I've been sitting in front of my Scottrade screen for 8 hours a day for over 12 months. I've got traders block. My wife is about to trade me I think.

I will look at your elliott wave principle tonight.

thanks

Bill

 

[gallonoffuel]

FWIW, If you have an ING account, their ShareBuilder product is very nice. Plus it's all self contained in your ING accounts, easy to transfer money in/out.