Technology Stocks : Cree Inc.
CREE 47.00-0.6%Jul 20 8:00 PM EDTNews

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To: richardred who wrote (9740)6/25/2015 10:23:22 AM
From: robert b furman  Read Replies (1) of 9844
Just noticed that:

now hitting 2 year low @27.25 on 10/20/14 - now 2 cents below that @ 27.23.

Four year low is 22.25 on 7/23/12

This company competes in a huge growth market that will continue to grow.

I love led's but the industry sector reminds me of the PC cycle and the memory glut complete with its price competition.

That being said, Intc, MU, and Samsung have dome well - but it took a loooong time to be dominant.

I like the company and I like the product.

I hate to say it but this is another manufacturer that needs to get out of the high cost USA and go produce in Asia.

The winner will be the comapny with the best processes and lowest costs.

When product demand slows - what that is saying is the price is too high.

I beleive electricity will not get cheaper - so efficiency is worth a little more and start saving ASAP.

Any bulb that is on a lot needs to be led in your home or at work.

Wonder where this falling knife sticks?

It should find support here or we're looking at 22 ish??

If it falls through 27.00 I'll look at selling some 22-25 puts

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